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

To: Area51 who wrote (829)	10/13/1999 4:46:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Area51, IBM is in dangerous territory and is clearly oversold. A bounce is clearly in sight. Nevertheless, IBM still has this outside chance to hit an intraday low of this $101 area tomorrow. With market capitulation and air pockets abuzz-- i.e the break of DOW 10K- IBM $96 intraday just don't know when in relation to this DOW picture below -. My target is DOW 9,770 intraday before this bounce, I just don't know how soon - tomorrow, Friday or by next Tuesday close. Best Regards, J.T.