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

To: Joseph Stratmann who wrote (2656)	4/26/2000 9:12:00 AM
From: J.T.	Respond to of 19219

Joe, These levels are possible with ECI scare just like CPI was culprit excuse last month. If you recall, back then futures were up big right before CPI and the market wanted to move higher - However, CPI and market response to it had other ideas. Like before, market wants to move higher now- and it will, with ECI in line with expectations. But you can have another nice market day today and give it all up tomorrow on higher Interest rate worries beyond may. In the last word, One can make an easy argument that a bottom has been put in on NDX with successful test of supports on low volume on high p/c levels and bearishness that Tuesday morning prior to end of day reversal in last hour. BKX got this one close above BKX 815 and second close above this level today I see DOW 12,000 dead ahead with in line ECI numbers. Best Regards, J.T.