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


To: fut_trade who wrote (1889)12/10/1999 10:25:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Peter, Out all day and afternoon turned into the evening. I was at remote location for a time in last hour of trading this afternoon where I could read S.I. but not post. But I was very well aware of market activity in sight of CNBC.

Guess what? If I read this thing right, and we get no "weekend at Bernie negative surprises" (Xerox sure did start it off right after the bell <g>), We are going to rally hard on Monday and Tuesday. DOW closed above 11,220 and BKX closed above 795 resistance levels for starters and Monday's second close at or above these levels which I have positioned on will confirm we are off to the races higher. This, after numerous supports held the previous few days like NDX 3,160 twice, DOW 11,050 is rock solid and BKX 775 held firm and this baby is ready to rumble higher .

I will have more in depth analysis over the course of the weekend.

Sorry I could not post on this critical day.

Best Regards, J.T.