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

To: J.T. who wrote (1059)	10/25/1999 2:35:00 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

Dow bounced hard off 10,350. The market is week on low volume and strong on heavy volume. In my opinion the market wants to rally, just needs a good excuse(like bonds). The path of least resistence seems to be up now. INMHO

To: J.T. who wrote (1059)	10/25/1999 3:13:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

NDX 2,510 is overhead resistance. NDX turned back at NDX 2,507.63. Now at NDX 2,497. It will be a big letdown for the bulls if this NDX can not close above NDX 2,500 level. If NDX closes at or below NDX 2,470, I would remain short regardless if whether BKX finishes above BKX 795 or not. Unfortunately for RYDEX accounts, I will not have the luxury of knowing and I am going to have to make my bet before the close. Best Regards, J.T.