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


To: J.T. who wrote (2178)1/3/2000 11:39:00 AM
From: J.T.  Respond to of 19219
 
DOW/SPX UPDATE: MITA nailed the support levels mentioned we would test over next two trading days on DOW and SPX before last trading day of year Dec 31st .

The DOW is now at DOW 11,348 down -149. The intraday low was DOW 11,305 and right underneath DOW 11,320 minimum support MITA called for on Dec 30th after close. This is the second trading day MITA 2,178:

...<DOW PROJECTION: For the next two days: Look for the DOW to test DOW 11,320 support over the next two trading days>...

TARGET ACHIEVED

Likewise with SPX. We are now at SPX 1,444 and -25. The intraday low was SPX 1,438 and we called for SPX 1,440 test same scenario: MITA 2,178:

...<SPX PROJECTION: Look for the SPX to test support of SPX 1,440 support over the next two trading days>...

TARGET ACHIEVED
More later.

Best Regards, J.T.