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


To: J.T. who wrote (206)6/25/1999 12:47:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
IMHO, This is a classic sucker's rally as IIX and DOT do not participate in run up. Now lead the pullback as they are sporting red ink. Also, TRAN could not get above 3,346 and UTIL is negative below 324 support currently at 323. SOX is now negative and NDX below 2,200. If we are going to get any bounce it must be in here right now or the boys sell the rally. Bought more July DJX 98 puts at 5/16.

Best, J.T.



To: J.T. who wrote (206)6/28/1999 10:49:00 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Let's review these 1 hour opening #'s after the bell:

DOW 10,650 +97
SPX 1,327 +12
COMP 2,565 +12
NDX 2,200 +14
TRAN 3,393 +77
UTIL 325.25 +2.25
SOX 450.5 - 2
BKX 865 +13
OEX 678 + 6
IUX 445 + 2
DOT 570 + 3
IIX 291 + 1
MSH 1,098 +10
PSE 571 + 4

Will this turn out to be the best trading day of
the week for the bulls?

Best, J.T.