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

To: J.T. who wrote (1937)	12/13/1999 5:24:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 19219

J.T., i posted this on MDA: Message 12274966

To: J.T. who wrote (1937)	12/13/1999 11:54:00 PM
From: Magnatizer	Respond to of 19219

J.T. updated commentary and intraday charts geocities.com BKX tline A held stiff today. Overall I thought today was very wishy washy (yea thats a technical term). Just hanging out for tomorrows numbers I guess... ht david

To: J.T. who wrote (1937)	12/16/1999 11:29:00 AM
From: J.T.	Respond to of 19219

INTRADAY BROAD MARKET UPDATE: BKX closing in on this perilous BKX 752 level. We are now at BKX 754.50. Bond Yields at 6.37% and closing in on perilous 6.4%. NDX has broken out above NDX 3,300 but now pulling back to NDX 3,279. DOW down -70 to DOW 11,154 and just above first support at DOW 11,150. Below this, we need to close above DOW 11,050 today. It is o.k. to test supports, but we do not want to close below them. One close below BKX 752 with lower UTIL, TRAN and higher bond yields at or above 6.35% with NDX close below 3,240 and I AM OUT OF THE MARKET AND SHORT. Otherwise, if we bounce this afternoon, STAY LONG. Key off BKX and NDX. NDX needs this close above NDX 3,260 and BKX ideally above BKX 765. Flexibility with parameters may be needed. I will be out and unable to post until after the bell. Best Regards, J.T.