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

To: J.T. who wrote (736)	9/29/1999 10:46:00 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

BKX is still stuck in the mud this a.m. This needs to get thru 745 for any potential strong afternoon rally to reach 755 target. This would certainly give DOW its lift as C, JPM and AXP are in DOW. I do not like to see a weak IBM as we are at 121 3/8 down 2 1/4. This will act as anchor and drag down DOW from serious gains today.As a cockamanied sidenote, I still have Oct puts on this puppy that I have not closed out. A close below 120 is not good for the market. NDX could not get past 2,450 and this is a technical negative as we are now down. Held at NDX 2,418 level support. Must hold on retest or we go run to 2,400. More later. Best Regards, J.T.

To: J.T. who wrote (736)	9/30/1999 2:20:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

This BKX DOW one two combination I have stated is dead on the money: Here is where it started: The backtest from Tuesday after close MITA 736 : ..<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. ..<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.>... Next yesterday's action on MITA 738 and BKX/DOW interconnectivity : ..<BKX is still stuck in the mud this a.m. This needs to get thru 745 for any potential strong afternoon rally to reach 755 target. This would certainly give DOW its lift as C, JPM and AXP are in DOW>... And the reco MITA 742 Buy em when no one wants em: Bonds down 3/4 of a point and yields backing up to 6.12% off of the strong durable goods # this morning. This will keep BKX Index/ under tight wraps for today. Nevertheless, it will not hinder or keep a lid on this impending BKX rally to ensue. I am still very bullish on this BKX Index and the stronger stocks option plays in this group can be picked up on the cheap now for this run to previously mentioned target levels. Do your own due diligence. Clear cut. Even in the face of SOX breakdown. Best Regards, J.T.

To: J.T. who wrote (736)	10/5/1999 10:48:00 AM
From: J.T.	Respond to of 19219

SPX 1,315 imminently ACHIEVED and RUT 427 two days late but still ACHIEVED nonetheless. We are now closing in on this SPX 1,315 intraday target and RUT 427 set last week on Wednesday when the wheels were falling off of this bull market and it looked like they were going to take out DOW 10K. From MITA 736: ...<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.>... ...<RUT back to 427 intraday by weeks end.>... The market, by definition has set the minimum objectives for this little rally pullback. Now we see if Mr. G allows it to run or kill the golden cow that has produced milk money so unceasingly. Best Regards, J.T.

To: J.T. who wrote (736)	10/6/1999 3:35:00 PM
From: J.T.	Respond to of 19219

DOW 10,550 resistance tested and ACHIEVED. Mr. G stops yesterdays rally in its tracks and today we resume where we left off at Tues close. I have buttoned up profits on OCT 40 PIXR at 3 3/8 and have legged into way out of money's JAN 55 at 2 1/2. I want to participate in earnings report late OCT and movie late Nov. Will pick up more PIXR on pullbacks. My Jan target is $70. Best Regards, J.T.