MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (5465)	12/6/2000 10:27:40 AM
From: J.T.	Read Replies (2) of 19219

I have stated and reiterated last night BKX would move into this BKX 860-880 level and I would sell into profit and switch out of rydex SPX Long NOVA before the close that same day. ...<Still 100% Long SPX NOVA (it is 1.5 X double your pleasure to the SPX) until BKX intraday high BKX 860 to 880 is penetrated and this could happen tomorrow. If this happens coupled with lower prices in the XAU targeted fib zones, I will rotate money out of SPX for a breather and into XAU>... We are already in 'the zone' as BKX is now at BKX 868 up another 22+ up 2.6%. Now notice the SPX is down 5 in spite of BKX strength because of box-maker weakness in tech, yhoo and net (DOT)weakness, and AAPL negative news. I am hoping SPX closes higher today and XAU turns weak this afternoon and I will be making the switch into XAU Precious Metals before the close. Best Regards, J.T.

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