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

To: Matthew L. Jones who wrote (1198)	11/4/1999 8:39:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

Matt, I think you are right. Obviously we are going to head higher out of the box. And this BKX will test this BKX 890 again and lets see if BKX blows thru this level or turns back down at the close. BKX has not had that second close below BKX 875 for me and I was wrong in not waiting for that second close. On the upside, BKX needs to have two closes above BKX 890 for the market to run. I will give you a detailed answer tonight when I can give you the time. I ask that you also take a look at my previous posts over the last month or so as to BKX leading the market up and down. Do not look at just one post. This will give you no explanation at all why BKX has been so successful for me. Just click my thread links to BKX and you will see why. I have a favor to ask of you and we all learn from each other on S.I. I have asked you once before where is a good link for clearly identifying MA's and stochastics et al. I do not have a good link for MA's maybe you can help on this little MITA universe. TIA. On DOW, we have this chance to test DOW 10,790 one last time. Need two closes above this DOW 10,790 level to run. OUT until mid-morning. Best Regards, J.T.

To: Matthew L. Jones who wrote (1198)	11/6/1999 5:32:00 PM
From: J.T.	Respond to of 19219

Matt, I think this read of yours from MITA 1,198 is very timely: ...<My read would be short term (1-2 days) bullish to a level of 890-92 retest of recent high (November 2) and longer term (1-2 weeks) somewhat bearish with a maximum downturn to around 820-25 (an extension of the weekly chart 50 SMA trend>... We had two tests of BKX 890 since your post one underneath at BKX 884 and the other above at BKX 900 and in both cases we turned back down and closed below key resistance BKX 890. MITA identified BKX 890 resistance in MITA 1,162: ...<BKX now at BKX 890 double-top and it wants to run to this BKX 900 intraday; the market wants to follow. I will not stand in the way of a speeding locomotive in BKX leading market higher if this materializes. BKX so far has held serve and support levels MITA established, now it has opportunity here to seek out higher resistance levels. BKX had better take this opportunity now and run with it. Otherwise, potentially very ominous. If BKX turns down from this BKX 890, and more importantly , closes back below BKX 875, we will then be in the early stages of a hard sell-off back down for the entire broad market>... We are now at BKX 886.5. I would ask that you give us an update on your BKX varied MA's, stochastics and Bollinger Band analysis. I may give "biased analysis", so I think someone like yourself can give unbiased opinion. <g> Maybe then you can expand on your analysis and give definition and basic analysis of TA tools that you utilize. Then post links for charts or definitions et al. We can all learn from you here on MITA. Thanks for your help and look forward to your expanded in depth analysis. Best Regards, J.T.