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

To: fut_trade who wrote (1507)	11/24/1999 12:11:00 PM
From: J.T.	Respond to of 19219

Peter, Excellent chart. To get back into that uptrending wedge, banks/financials have to turn the corner right here We are at BKX 841 and the worm is starting to turn again. BKX is my key gauge for this last blow-off phase in SPX/DOW, if it is going to materialize. I really believe we have to have this last parabolic blow-off in DOW and SPX similar to NDX/COMP before we turn back down hard. Whether this happens or not is open to debate. Obviously if BKX and UTIL continue downward their will be nothing left in the tank and gravity will commence. Today and Fridays internal action is key if we have this last chance for run for roses. Best Regards, J.T.