Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (186)	6/23/1999 1:38:00 PM
From: J.T.	Respond to of 19219

With Bond yields now at 6.14%, we need to keep tight stops. DOW needs to close above grave support at 10,530. I will not wait for 2 closes below this level. Intraday low now is 10,617. We are getting good bounce off the lows down Dow only 78 now. SPX needs to stay above 1,302. A close below this level with bulk of other indices joining break of low morning supports and time to get out or buy insurance on market and your portfolios. TRAN intraday low is 3,367. 3,350 needs to hold and same applies. If we bounce stay the course for now until market tells us otherwise. Best, J.T.

To: J.T. who wrote (186)	6/25/1999 12:01:00 AM
From: J.T.	Respond to of 19219

These numbers are Wednesday morning lows registered in the first hour of trading. Compare to today's close. Notice every index closed below yesterday's interday 1 hour low, which at the time was very significant. Only the VIX is marginally lower (invert). 06/23 1 hr. lows: 06/24 close DOW: 10,625 10,535 SPX: 1,324 1,316 OEX: 675 671 TRAN: 3,373 3,326 UTIL: 326.5 324.5 VIX: 23.71 (INVERTED) 23.67 COMP: 2,557.5 2,554 NDX: 2,189 2,185 MSH: 1,091 1,087.5 PSE: 570.5 568 SOX: 460.8 454.5 BKX: 862.8 841 Best, J.T.