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

To: J.T. who wrote (1431)	11/22/1999 12:22:00 PM
From: fut_trade	Read Replies (1) \| Respond to of 19219

It's a tough call. I'm watching for a break in SPX at 1408. Support hasn't even been tested in two weeks, so there seems to be decent strength left in this rally.

To: J.T. who wrote (1431)	11/22/1999 3:34:00 PM
From: J.T.	Respond to of 19219

Ding Dong. The BEARS are knocked out again. Have we been thru this drill before? DOW new highs ahead. Best Regards, J.T.

To: J.T. who wrote (1431)	11/22/1999 10:31:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

DOW breaks DOW 11,080 on a close to DOW 11,090. Bond Yields confirm falling back below 6.20% to 6.189%. Bears temporarily go back into hibernation. Excuse me, is that a white flag I see?. MITA 1,431: ...<Peter, Market has a chance to take out the Bears today. A close above DOW 11,080 with bond yields coming down from these lofty levels below 6.2% yield will lead to banks participating in the next rally, if it materializes.... Banks/Financials are the next spark that lights the fire for SPX and DOW. Can you say C, JPM, AXP, WFC, MER, SCH, CMB, ONE, BK, BAC, BKB, BT, FTU, KRB, NTRS, USB, WM, WB, BEN, BSC, LEH......there are others... I forgot they passed the bank reform act... oh the insurers...AET, AIG, AGC, CB, CI, CNC, HIG, JP, LNC, SAFC, SPC, We may be down out of the blocks tomorrow, or , can you believe it--down for the day. It doesn't matter. Unless BKX breaks. We are headed higher. Bullish Seasonality is now in play. Be long or be wrong. Short term. I even had to update my profile for my favorite BULL.. I wish you and yours the very best... from your fav...<g> Best Regards, J.T.