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

To: marginmike who wrote (2714)4/28/2000 1:59:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
mike, NDX is at the upper end of recent resistance levels.

On 4/18 we hit intraday high of 3,717.5 and closed near the highs at NDX 3,716. The next day, on 4/19 we hit intraday high of 3,753.5 but nose-dived into the bell to finish near lows at NDX 3,583.

We now sit at NDX 3,743 up 50 (intraday high NDX 3,769). A close above NDX 3,716 would be BULLISH and set up that NDX 4,000 assault early next week.

Best regards, J.T.


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