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

To: J.T. who wrote (735)	9/29/1999 12:14:00 AM
From: J.T.	Read Replies (5) \| Respond to of 19219

Now for some upside targets. One of the first indices that needs to get legs is the BKX. This BKX has been a dog of late and has now turned the corner. With this huge intraday reversal from 730 low to close at 742.50 has set the stage for this little lift-off. Tomorrow we should see an immediate test of 755 BKX. This may come out of the blocks within the first hour of trading but no matter as it is going to run hard to 790 BKX intraday within one week before settling down. NDX and SOX are going to see some short-covering tomorrow which should add rocket fuel back up to 545 SOX intraday and NDX 2,460 intraday. SOX should reach 560 and NDX 2540 intraday by the end of this week before things settle down. RUT back to 427 intraday by weeks end. DOW we should see this run to 10,410 area as early as tomorrow and ultimately test 10,550 resistance while SPX first 1,294 intraday tomorrow and ultimately back up to 1,315 intraday by the end of the week for both. That's all for now. Good hang-man material.<ggg> Best Regards, J.T.