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

To: J.T. who wrote (2109)	12/17/1999 4:41:00 PM
From: pater tenebrarum	Respond to of 19219

J.T., a great weekend to you too. re: BKX, check out the broader BIX (S&P bank index), it hit a fresh 52-week low today at the close. the utilities profited from scared money looking for some yield today, as it became known that Buffet is shopping for REITs. i bought REITs heavily a few days ago in anticipation of something like that happening. i guess today's trading was largely determined by the triple witch otherwise, i wouldn't attach too much significance to it. but next week could see the delta hedging supply hit the market. it didn't happen after November expiration, but my gut (sorry!) says it might this time. regards, hb