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

To: J.T. who wrote (2118)	12/23/1999 4:45:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

DOW UPDATE: Santa lives as we get the rally to close at a new all time high at DOW 11,405.76 and above this first DOW 11,390 resistance level thoroughly discussed. MITA 1,916 has next resistance target at DOW 11,550 and we are capped at DOW 11,665 for highs for year-end. For new highs to carry forward, we need to have second close above DOW 11,390 combined with this second close BKX above BKX 774. Today BKX closed at BKX 774.22 - minimum right above 774 level previously discussed. DOW 11,900 is remote possibility but for this to happen BKX must get above BKX 795 close. Merry Christmas and Happy Holidays everybody. Best Regards, J.T.

To: J.T. who wrote (2118)	1/5/2000 12:58:00 AM
From: J.T.	Read Replies (2) \| Respond to of 19219

DOW UPDATE: Three Peaks and a Domed House Revisited This is the theme of this MITA 2,118 post from Dec 21 Please study and re-read: Message 12344309 Just as the previous DOW three peaks and a domed house that was set up in 1998: Peak 1)DOW 9,176 April 22, 1998 Peak 2)DOW 9,192 May 4, 1998 Peak 3)DOW 9,211 May 13, 1998 Domed House: DOW 9,338 July 17, 1998 Down hard we go DOW 7,400 rough intraday low. To set up for the Higher Dome: New Highs were then set up over 4 months later, then an additional 1 1/2 months this courtesy of MITA 2,118: ...<It took over four months later on November 23, 1998 that we eclipsed both DOW 9,412 theoretical and DOW 9,338 closing highs from from July 17,1998. November 23 theoretical close was DOW 9,425.80 with a close of DOW 9,374.80. The next day, Nov 24th, we registered a higher theoretical high of DOW 9,458 but closed below old July 17 highs 9,338 to close at DOW 9,301.20>... ----------------------------------- Market adjustment 7.24%: ...<The pullback lows registered in this brief adjustment is 7.24% from DOW 9,374 Nov 23 to DOW 8,695 on Dec 14th>.. To get to this BREAK-OUT 1 1/2 months later: ...<Finally, from the point we turned back down on November 24th, it took us about another 1 1/2 months and until January 6, 1999 until we finally broke out once and for all. DOW hit new all time high closing and theoretical high of DOW(CH)9,545 and DOW(TH)9,608 respectively>... ----------------------------------------------------------- Fast Forward to 1999 Three Peaks and a Domed House: <Pre> 1)Peak 1)DOW 11,107 May 13, 1999 2)Peak 2)DOW 11,200 July 12, 1999 3)Peak 3)DOW 11,210 July 16, 1999 Domed House: DOW 11,326 August 25, 1999 Down hard we go DOW 9,976 intraday low. New Highs DOW again set up four months later on December 23, 1999 (DOW 11,405) with the final high December 31, 1999 DOW 11,497. Market Adjustment Average 7.24% from DOW 11,598 (Dec 31)theoretical high is DOW 10,760 theoretical intrady low. Today's intraday theoretical low was DOW 10,907. To set up for higher DOME. BOTTOM LINE PROJECTION: We are roughly 237 DOW theoretical intraday points from a bottom of today's close. This translates into about down DOW 177 points tomorrow intraday low which is DOW 10,820. So tomorrow we should possibly see the lows with some test of the lows possibly in the next few trading days thereafter. Then slow basebuilding again. Potential new highs in mid February to March. Good Luck. Get ready to pick your spots. Ideally we finish well off the lows and up with BKX registering a close above BKX 705 although BKX 720 is easily within reach after bounce off of morning lows. If we get this second BKX close below BKX 705 tomorrow these lows may have top be adjusted. Best Regards, J.T.