SI
SI
discoversearch

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: Matthew L. Jones who wrote (386)8/2/1999 11:59:00 PM
From: Bart  Respond to of 19219
 
Matt-Yeah, I think a lot of folks are waiting and watching right now!Good luck...I think we will have some relief rally tomorrow or weds...by friday at the latest, but new highs are weeks away.Lets see if those supports hold!




To: Matthew L. Jones who wrote (386)8/4/1999 11:13:00 PM
From: J.T.  Respond to of 19219
 
Matthew, Regarding the DOW support and 10,410 area:

I think you are right on. You must go back to April and
take a closer look at the volume:

Date Open High Low Close Volume
22-Apr-99 10735.8 10896.4 10517.9 10727.2 9,279,000
21-Apr-99 10462.6 10702.6 10309.1 10581.4 9,200,000
20-Apr-99 10440.5 10610.1 10212.9 10448.6 9,854,000
19-Apr-99 10566.1 10879.8 10284.4 10440.5 12,144,000
16-Apr-99 10497.3 10632.9 10299.6 10493.9 10,023,000
15-Apr-99 10411.7 10673.9 10201.3 10462.7 10,898,000
14-Apr-99 10436.9 10692.5 10196.9 10411.7 9,520,000
13-Apr-99 10340.6 10512.1 10239.3 10395 8,109,000
12-Apr-99 10094.2 10384.5 10042 10339.5 8,108,000
09-Apr-99 10166.6 10298.7 10035.1 10173.8 7,161,000
08-Apr-99 10083.9 10282.6 9980.7 10197.7 8,505,000
07-Apr-99 10023.4 10166.6 9860 10085.3 8,164,000
06-Apr-99 9985.7 10097.3 9862.5 9963.5 7,875,000
05-Apr-99 9893.8 10080.9 9826.4 10007.3 6,958,000
01-Apr-99 9825.3 9927.7 9707.9 9832.5 7,030,000
31-Mar-99 9968.2 10025.1 9744.8 9786.2 9,243,000

April 15, 16, and 19 rank as 3 of the 9 most hevily traded
days ever recorded on the NYSE. As you can see, the DOW traded
b/w 10,440 and 10,493. Underneath this level you see significantly
lower volume and the break of the DOW.

Best, J.T.