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

To: J.T. who wrote (1092)	10/27/1999 2:40:00 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

BKX continues to gain strength now at BKX 816 but is the lone ranger as every other index fails to confirm. NDX extremely weak at NDX 2,433 and near session lows and internets getting pounded off of ebay coat-tails . NO CONFIRMATION - TOO EARLY TO GO LONG BROAD MARKET. AS LONG AS TECH REMAINS WEAK AND REFUSES TO CONFIRM STRONG BKX, I CAN NOT IN GOOD CONSCIOUS GO LONG EVEN THOUGH MACD HAS GIVEN BUY SIGNAL ON SPX AND DOW UNLESS WE HAVE THIS HUGE RALLY IN TECH IN LAST HOUR WHICH IS HIGHLY UNLIKELY. Stay defensive and or short the broad market. Best Regards, J.T.