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

To: fut_trade who wrote (1799)	12/8/1999 8:53:00 AM
From: fut_trade	Respond to of 19219

SPX breadth is near critical (very bad). NDX (Nasdaq 100) breadth is fine. Trendline analysis for QQQ: 164.5 R 159.9 S 153.7 S There should be strong support in the 152 to 153 region.

To: fut_trade who wrote (1799)	12/8/1999 8:57:00 AM
From: Magnatizer	Read Replies (1) \| Respond to of 19219

Peter That chart is quite telling. Thanks. I have been watching the NYSE new lows for a while and they are leaning toward a short term correction. Will have to add the Nasdaq new highs into the mix. ht david

To: fut_trade who wrote (1799)	12/8/1999 12:15:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Peter, In the long run, it is very unhealthy when advance/decline lines continue to hit new 52 week lows - which is what happened again yesterday- against the backdrop of narrowing base of new age stock gainers. This is now starting to creep into the market as a daily non-occurrance like cancer into the body until the immune system breaks down and can't fight it anymore. We have a very CANCEROUS market at the very least. The price to be paid increase every day for this disparity, imho, and a little insurance is a small price to pay for being wrong. Bets Regards, J.T.