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

To: J.T. who wrote (664)	9/22/1999 2:41:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

NIKKEI largest one day decline since OCT 8 down 3.1%.. European stocks to open lower: quote.bloomberg.com quote.bloomberg.com Best Regards, J.T.

To: J.T. who wrote (664)	9/22/1999 3:15:00 AM
From: J.T.	Respond to of 19219

Today, The DOW will again test 10,550 which is my early capitulation number. Lower support at 10,470 and ultimate capitulation which begins with any evident close going into the bell below 10,410 which will confirm dow theory and commencement of the bear market. If we blow through 10,410 look for hard selling to 10,200 area, then 10,050 before an initial bounce which may not hold for longer than 1 hour. A 1,100 point crash is an improbable, but possible potentiality tomorrow and any day through the end of this month which will halt the market. SPX will test 1,300. I have labeled capitulation support 1,294 although the DOW equivalent (10,410) capitulation here is 1,280 SPX. On break of 1,280, look for market to test 1,260 and ultimately 1,235. On a crash look for a test to and potentially through the infamous 1,190 area before things settle and bounce. RUT 422 is nothing but a speed-bump on to capitulation number 417 plain and simple. Then 399 and ultimately 380 area. I will deal with the other indices via NDX, SOX, IIX, DOT et al and lower support levels later. Best Regards, J.T.