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


To: fut_trade who wrote (2300)1/11/2000 10:23:00 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
Peter,
Do any of your indicators show a similar weakening today?

No, I don't. UTIL is strong closing in on UTIL 300. TRAN has just crossed 3,000. BKX, is rangebound b/w BKX 746 - 703.

I would only be concerned with two closes below BKX 701 confirmed with with UTIL below UTIL 289. Otherwise, use any one to two day pullbacks in here to GO LONG. Look for these targets:

DOW 11,900 and SPX 1,490 minimum upside target before exhaustion sets in.

Best Regards, J.T.