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


To: J.T. who wrote (2775)5/3/2000 2:38:00 PM
From: J.T.  Respond to of 19219
 
Market Bellweather MER is breaking down now at MER 101 3/8 - 2 1/8.

A close below MER 101 spells BIG TROUBLE.

Best Regards, J.T.



To: J.T. who wrote (2775)5/4/2000 10:20:00 AM
From: J.T.  Respond to of 19219
 
BKX and MER near session lows and smell of problems dead ahead. Both traded higher briefly this morning and now turned down.

BKX at BKX 752.5 and below critical BKX 760. Next lower support is BKX 734.

MER at MER 99 3/4. Yesterday we closed below critical MER 101. Back to back below this spells trouble.

Best Regards, J.T.