Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (2116)	12/21/1999 2:05:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

BKX is moving solidly higher at this BKX 763.5 and above second resistance level 760. Intraday high is BKX 768. This is off of ONE who has ousted current management to revitalize its stock market likes news. Let us see where we close - this is what counts. Above BKX 774 close would be huge and set up this 23rd thru 28th rally. Also, let us see market response of FOMC announcement in 15 min. Best Regards, J.T.

To: J.T. who wrote (2116)	12/23/1999 3:18:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

BKX UPDATE: BKX right on this BKX 774 upper resistance level now MITA has firmly established and second close above this on Monday will give us this chance for DOW 11,665 we mentioned in MITA 2,116: ...<Two closes above BKX 774 will give us this chance for new DOW highs and DOW 11,665 by year-end - a remote possibility but one that exists nonetheless>... Next Monday's action is important if after making new intraday highs we turn back down at the bell or not. Interest Rate concerns will be top priority going into new year. MITA 2,116: ...<Whether we have any last santa rally or not now is immaterial and irrelevant. An additional 3% in the DOW from 11,144 is DOW 11,400 - Who Cares. 3% higher from all time highs is DOW 11,665. This is now the top for '99 best case scenario. The risk now outweighs the reward and interest rate sensitive issues like BKX and UTIL are capped out of any material gains until after February>... BKX is capped out at BKX 795 high close for the year. Best Regards, J.T.