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


To: J.T. who wrote (1201)11/4/1999 2:48:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
We are now underneath BKX 875 at this BKX 874.72 level. TRIN is now corrected and is back to overbought at this TRIN .76.

We are in much better position for this opportunity to sell off these broad market gains this afternoon than the last two down days (MON TUES DOW and SPX) when the market could not hold its gains and TRIN levels were above TRIN 1.3.

Have a nice day.

Best Regards, J.T.




To: J.T. who wrote (1201)11/8/1999 2:26:00 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
BKX needs to hold BKX 884 or it will fill the gap from Friday open down to BKX 875. NDX correlation support is NDX 2,760 or it will quickly trade down to NDX 2,740 and test support. Must hold NDX 2,740 or we test Friday's morning gap down to NDX 2,700 intraday.

BKX now at BKX 886 and NDX now at NDX 2,770.

Key off the potential break of BKX 884 first for early lead down of NDX if it is to head thru support.

Best Regards, J.T.