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

To: JLIHAI who wrote (2605)	4/22/2000 8:11:00 PM
From: Copeland	Read Replies (1) \| Respond to of 19219

I wasn't terribly impressed with MSFT's report. The effect of that on the technical picture might be something to watch for next week. Probably already priced into the market. We'll see next week.

To: JLIHAI who wrote (2605)	4/24/2000 12:57:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

JL, MSFT report and NAZ market response to it today -one must take notice. We hit the cross-roads for me on Thursday and MSFT delivered the final blow for the short term. NDX 3,580 support will be out for the second day today and I will take my one day whipsaw lumps with and get out of NDX before the close. NDX 3,207 close on 4/14 is now on the docket for next test. I am now eyeing NDX 2,620 level intraday between now and end of may before we can settle down. This is right above old resistance in September 99 - the NDX 2,550 level. Best Regards, J.T.