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

To: J.T. who wrote (1553)	11/30/1999 12:27:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

DOW UPDATE: We got this minimum test of DOW 10,880 MITA called for last night as we hit an intraday low of DOW 10,886 and we bounce and closed down 41 to DOW 10,948. DOW 10,880 has proved to be solid support for BULLS and this next test of this level, if it is to materialize, must be taken out for BEAR argument to manifest itself. DOW 10,720 will be tested immediately if DOW 10,880 is taken out. UTIL and BKX are going to need a bounce for banks, financials and interest sensitive stocks to broaden DOW and SPX recent gains. I will not abandon significance of UTIL and BKX as warning shots across the bow. Best Regards, J.T. Best Regards, J.T.

To: J.T. who wrote (1553)	11/30/1999 1:34:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

UTIL Update, To my greatest amazement today was the complete capitulation of UTIL slicing thru UTIL 278 like knife thru butter we mentioned last night as critical support. We hit intraday low of UTIL 274.60 and closed at UTIL 277. A 60 minute chart shows the dramatic slide in the last month as we are down 10% for the month of November alone: iqc.com Daily very similar to '87 with one more break tomorrow below UTIL 274: iqc.com Best Regards, J.T.