MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: eichler who wrote (5549)	12/11/2000 11:52:33 AM
From: J.T.	Read Replies (1) of 19219

See rydex update. BKX at BKX 870 and into my zone again 860-880 level. I have targeted NDX 3,180 - 3,250 as intraday high (we are now at NDX 2,975) before we turn back down but with these rydex figures I would rather sell too soon rather than too late. Byron Wien Technical Analyst Morgan Stanley Dean Witter has gone Bullish the NAsdaq and expects a 25% move over the next 4-6 weeks. This perennial BEAR guy has an incredible record for being wrong and is a great contrary indicator. Let the market be the judge. Best Regards, J.T.

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