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 (7376)	3/22/2001 9:54:47 AM
From: J.T.	Read Replies (1) of 19219

Technology lead this market on the way down and yesterday when they hit the last ones DOW and SPX and BKX you know we are late in the game and ready for respite and smart bounce. Tech will lead it back up for a live cat bounce for a week or so and hence the switch from Rydex SPX Long to NDX Long. Notice SPX/DOW proxy BKX is below death BKX 780 at BKX 774 down 1.9% and reason why dow and spx is down...All the while NDX proxy SOX is up big up 30+ to SOX 588 up 5.46% and NDX up 24 up 1.5% to NDX 1629 Bifurcation at its finest... Best Regards, J.T.

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