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

To: J.T. who wrote (430)8/6/1999 3:59:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
While NDX has reversed nicely, BKX has not. Let's see if NDX closes below upper support at 2,220.

EDIT: NDX climbed back up to 2,226 and reversed hard back down right into the bell to finish at 2,212-- a feeble rally attempt, and a weak close. WE CLOSED BELOW 2,220, WE ARE ON CRASH ALERT FOR NEXT WEEK.

Best, J.T.



To: J.T. who wrote (430)8/10/1999 10:24:00 AM
From: J.T.  Read Replies (2) | Respond to of 19219
 
NDX on the break of 2,185: Let's see if they bring it back above this important support or it becomes new resistance on the close: from MITA 430:

"COMBINATIONS OF LEVELS BELOW NDX 2,185, DOW 10,410, UTIL 313, RUT 417, SPX 1,287. THESE ARE THE LEVELS FOR CAPITULATION. IF YOU SEE THE BOYS HEADING FOR THE EXITS today or anytime next week approaching these levels, YOU KNOW WHAT TO DO."

Best, J.T.


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