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

To: J.T. who wrote (1915)	12/13/1999 10:36:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

We are right underneath this BKX 785 support MITA established last night now at the lows BKX 784.36: ...<BKX 785 is new support off the gap with BKX 802 resistance. However, I believe BKX 800-802 is not a real problem and it will get taken out immediately tomorrow off Fridays bullish bond action with Bond Yields closing at comfortable 6.16% level. New resistance should develop on either side of this BKX 809 level. Here BKX 809 sits on this 10 and 89 day Moving Average (MA) and we need to break this barrier before DOW has opportunity to knock out all time high close DOW 11,326.04 once and for all>... We need to hold these levels right now. VERY IMPORTANT> IF so,Look for this little bounce above BKX 788 to get DOW to turn positive now down -27. Otherwise further deterioration back to BKX 779 Best Regards, J.T.

To: J.T. who wrote (1915)	12/13/1999 2:59:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

BKX Addendum: BKX needs to have this second close above BKX 790 (MITA 1,830 & 1,840)absolute minimum today for this second close. Below this level, I will again consider Friday 1 day non-confirmation at work. If the market does our bidding for "clean read", BKX 795 or higher second close today would set it up smartly for tomorrow for lift-off with benign CPI. As it is, we need BKX 790 out today on a close. Best Regards, J.T.

To: J.T. who wrote (1915)	12/15/1999 1:52:00 AM
From: J.T.	Read Replies (3) \| Respond to of 19219

BKX UPDATE: DOWN IN JUNGLE-LAND. Or BADLANDS? Springsteen. Well, we got a full boomerang effect from BKX 774 to BKX 801.80 Intraday high and back to this BKX 772.74 close today. Now What? For starters, New resistance for MITA is now BKX 788. Then BKX 795 and then BKX 808. Two closes at or above BKX 808 which is this 89 day MA and the market will finally let Santa Claus deliver the goods for Christmas. BKX Supports need to be tightened up. First, a second close below BKX 775 is BEARISH and if this second close, combined with even higher bond yields tomorrow and lower UTIL and TRAN levels and it may be time to close up shop for the year on the Bulls. However, I don't believe all of these parameters will be booked tomorrow and Santa really wants this grinch to go away for this short while. Nevertheless, let the levels show the way and market be our guide. New BKX support is BKX 768.50. Below this is BKX 752.Grave support is BKX 737. Note that BKX put in this lower bottom seemingly long ago on OCT. 15th at BKX 709.85 before we spiked up. .One close below BKX 752 with lower closes in UTIL, TRAN and higher bond yields all in same day vs. previous day and it is HIGH TIME TO EXIT THE BULL THEATRE. PERIOD. Best Regards, J.T.