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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: yard_man who wrote (17945)9/22/2003 3:46:29 PM
From: J.T.  Read Replies (1) of 19219
 
BKX has been in the same channel since June.

Double top Thursday and Friday at the top of the BKX band
as highs were recorded across the board virtually all
indices... it was due for a pullback.

I would qualify the BKX a failure if it broke back below
BKX 825 2 days in a row... a long way from here at BKX 889.

Once this down is complete, BKX is going to break to all
time highs by the end of the first quarter of 2004.

Later.
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