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

To: J.T. who wrote (1356)	11/18/1999 10:43:00 AM
From: J.T.	Respond to of 19219

DOW close above DOW 11,080 will create recognition of Bears to throw in the towel and go long. I would like one close above BKX 900 with DOW 11,080 before I throw in the white rag. Next week is Turkey week - seasonally very bullish historically - and even though we are at extreme overbought levels via TRIN et al - this doesn't matter in this orgy as it leads to an extreme feeding frenzy of buy buy buy and hard push up regardless of overbought conditions. This "orgy" will only materialize with closing parameters above BKX 900 and DOW 11,080. Bulls have successfully defended DOW 10,880. Now support is DOW 11,000 Best Regards, J.T.