MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: marginmike who wrote (11952)	5/1/2002 11:22:55 AM
From: J.T.	Read Replies (1) of 19219

If BKX finds a way to close above BKX 871 today it will be a mighty achievement. If BKX takes out BKX 858.50 the selling could accelerate until BKX 840 where a gap comes into play. Then reversal back up. One close below SPX 1,060 is entirely possible, but I believe it would be a one day false break. Back up the next day. If not... Market close is final arbiter. Best Regards, J.T.

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