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

To: J.T. who wrote (691)	9/23/1999 6:22:00 PM
From: pater tenebrarum	Read Replies (2) \| Respond to of 19219

J.T., it seems the chickens (asset and credit bubble, bloated current account deficit, incredible complacency) are coming home to roost. this is getting real interesting.... regards, hb

To: J.T. who wrote (691)	9/23/1999 11:06:00 PM
From: J.T.	Respond to of 19219

Backtesting is important. You will only visually be able to view this 60 minute chart on NDX tonight (obsolete data after tomorrow) as the lower left support of the chart will get tested tomorrow at the 2,328 capitulation support that I have been calling for here: NDX 60 minute chart: iqc.com And once 2,328 is taken out where we are headed to NDX 1,975 area. There will obviously be mini-rallies along the way down: NDX Daily Chart iqc.com These are the critical supports I have posted on September 3rd (MITA 652): 1)DOW 10,550 XXXXXXXXX TOAST XXXXXXXXX 2)UTIL 307 XXXXXXXXX TOAST XXXXXXXXX 3)TRAN 3,012 XXXXXXXXX TOAST XXXXXXXXX 4)BKX 765 XXXXXXXXX TOAST XXXXXXXXX 5)SPX 1,294 XXXXXXXXX TOAST XXXXXXXXX 6)RUT 412 #3 IN BATTERY 7)NDX 2,328 #2 ON DECK 8)SOX 509 #1 AT THE PLATE FOR S.O. 9)IIX 273 #4 and last in dug-out Unfortunately, I am not going to be witnessing the fireworks and posting tomorrow as I am in conference and meetings all day. But I will be back for some armchair quarterbacking late Friday night and late in the weekend. Best Regards, J.T.

To: J.T. who wrote (691)	9/27/1999 9:21:00 PM
From: J.T.	Respond to of 19219

Friday and today (Monday) marked an important watershed event for SOX Index regarding new support and resistance levels. On Friday we twice breached thru my critical support SOX 509 (502 intraday low)and bounced back up to finish at 516 area. Today we get the morning break-out and ran into a major buzz-saw at 530 SOX (533 intraday high)and turned right back dow. 530 SOX is now resistance and 502 is support as this 509 SOX will surely get tested and taken out possibly as early as tomorrow but no later than the end of this week, imho. It will become indicator #6 to eat dirt. iqc.com I noted this impending break-down in SOX before it began to materialize (MITA 689 last Thurs a.m) as capitulation came that afternoon. ..< Notice SOX is beginning to drift toward SOX 530 (543 now)first initial support down over 1.5%.>.. The weight of SOX falling will spill-over to NDX and ultimately the NUTZ via IIX. Best Regards, J.T.

To: J.T. who wrote (691)	9/28/1999 5:44:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 19219

J.T., I see you're talking to yourself again. Come on over to the MC thread. We're having a reunion. ATG

To: J.T. who wrote (691)	9/28/1999 12:21:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

The radar has now locked onto 3 of the last 4 capitulation support indices mentioned on September 3rd: 1)DOW 10,550 XXXXXXXXX TOAST XXXXXXXXX 2)UTIL 307 XXXXXXXXX TOAST XXXXXXXXX 3)TRAN 3,012 XXXXXXXXX TOAST XXXXXXXXX 4)BKX 765 XXXXXXXXX TOAST XXXXXXXXX 5)SPX 1,294 XXXXXXXXX TOAST XXXXXXXXX 6)RUT 412 #3 IN BATTERY 7)NDX 2,328 #2 ON DECK 8)SOX 509 #1 AT THE PLATE FOR S.O. 9)IIX 273 #4 and last in dug-out SOX, RUT and NDX are going to fight for bragging rights which index is going to take runner-up (2nd to last to eat dirt) to IIX... the last index which will take the prize of the last to fall. It is becoming quite clear now. Once the final index, the IIX approaches that 273 level intraday, and it may or may not breach that critical support level, it will be at that time to go long for a good bounce... As always, I reserve the right to be wrong, be flexible or modify this prognostication. Best Regards, J.T.