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


To: J.T. who wrote (1335)11/16/1999 5:51:00 PM
From: fut_trade  Read Replies (1) | Respond to of 19219
 
S&P 500 resistance levels - 11/16/99

Short term
1420 (strong)

Medium term
1487 (strong)

Long term
1535 (medium)
1626 (strong)



To: J.T. who wrote (1335)11/17/1999 12:18:00 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
BKX Update: Yesterday MITA had this comment re BKX:

...<BKX was right above BKX 900 at 3.25 est. and inconclusive at that time to make determination. We closed at BKX 908.3 and near session highs. I am looking for this second close above BKX 900 tomorrow to confirm to go long>....

And just as we had one close below BKX 850 (BKX 848)at lower channel, we never got that second confirming close and next day closed at BKX 889.

Now we are at the upper channel. We get one close above BKX 900 (BKX 908)yesterday, and as of now not getting second confirmation for that break-out. We are now at BKX 889. It is still early.

Did I mention MSFT is breaking down? MSFT near session lows of day at MSFT 85 1/4.

Best Regards, J.T.



To: J.T. who wrote (1335)11/17/1999 3:34:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Rydex. No change. Remain short S & P 500 URSA.

Best Regards, J.T.