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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (123)	6/18/1999 12:06:00 AM
From: J.T.	Respond to of 19219

THE MARKET NEEDS TO STAY ABOVE THESE NUMBERS ESTABLISHED AFTER HOUR 1 OF TRADING DAY CPI #'S CAME OUT June 16: <Now we look at 1 hour opening numbers which we will revisit at end of day> (MITA 123): <'DOW 10,725 '+ 130 <.SPX ''1,321.5 + 20.5 <.OEX ''672.5 ''+ 12 <.RUT'' 439.5 ''+ 5.5 <COMP2,481'' + 66 <.NDX 2,125'' + 67 ,This is our base and one good tell-tale sign if this bull has new legs and is going to rock to new highs.> These numbers can be violated one day, but two consecutive closes below any of these levels by any specific indices indicates weakness and it is imperative if one indices breaks these established supports that the cancer does not spread to other indices. One thing is to register market gains; it is entirely another to consolidate those gains as basing action and old resistance becomes new support. Best, J.T.

To: J.T. who wrote (123)	6/18/1999 12:27:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

CLARIFICATION ON PIXR This is what I posted on MITA 123: <On another note, I am long PIXR as they do animation for Toy Story and now Tarzan which comes out Friday. Has pulled back nicely for run to new highs, IMHO. Good relative strength and nice TA base formation. In at 42 3/16 and in July call options.> And on Point and Figure 21,372: <Here's one for you PIXR -- Pixar Animation... Buy it. At 46. I bought it at 42 3/16 and have molto July Calls. Tarzan movie coming out tomorrow and they do animation for this movie. Watch her run...> First, I have established call positions in July 50's @ 7/8 and July 55's @ 5/8 and mostly 11/16. Also in stock @42 3/16. Second, they do not do Tarzan animation, but Toy Story and now Toy Story 2 which will be featured future presentation coming out Thanksgiving Holiday as lead in to Tarzan movie. Tarzan opens tomorrow/today (Friday) Here are a few good links for more detailed information: Message 10043094 Message 10164909 moneycentral.msn.com Stock has good relative strength, now has earnings momentum going forward next several quarters and is poised for take-off in my opinion. Buy below 50. My target is 75 smacks. Best, J.T.