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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote ()6/2/1999 10:43:00 AM
From: J.T.  Read Replies (1) of 19219
 
Second, I am going to start with these MARKET INDEXES below for now and add to or delete from this list as to subjective importance. If there is specific interest in an index that I am not covering, and if there is enough interest or weight to this index, I will make every effort to add to the list. My goal is to keep this list at about 12 and have it no greater than 20. As time goes on, I may give weightings to indexes and create our own proprietary MITA-INDEX and hopefully mirror the overall market trend or direction. In this list, I am going to report on their previous days close (PC),following day open (O), high (H), low (L), close (C), change (+ OR -), and % change (%). At some point, I am going to need help from someone who might want to volunteer to report these daily #'s so I can concentrate on MITA and support and resistance levels. First day previous close and change and % change only. I will round up or down to nearest decible. After that, above statistics added.

MARKET INDEX LABORATORY STATISTICS:

DOW: 10,596 +37 + 0.3%
SPX: 1,294 + 8 - 0.6%
COMP: 2,412 -58 - 2.4%
NDX: 2,026 -64 - 3.1%
PSE: 521 - 9 - 1.7%
RUT: 437 - 1 - 0.3%
SOX: 376 -13 - 3.2%
BKX: 831 -13 - 1.6%
DOT: 557 -24 - 4.1%
IIX: 285 -12 - 4.0%
TRAN: 3,467 +51 + 1.5%
UTIL: 325 - 4 - 1.1%
XAU: 60 - 1 - 0.9%

More later. I am already behind today's fast paced market. J.T.
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