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

To: Lost to Voodoo who wrote (2882)	5/10/2000 11:04:00 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

albedo, NDX intraday low was on 4/17 NDX 3,107 and a huge reversal it closed at NDX 3,529... If you recall, on 4/14 we had that meltdown which culminated the 5 day consecutive losing streak in the NDX. Some were calling for the crash on Monday and I was calling for the hard bounce when NDX closed at NDX 3,207. The Backtest MITA 2,513: ...<To: marginmike who wrote (2510) From: J.T. Sunday, Apr 16, 2000 3:57 PM ET Respond to Post # 2513 of 2885 marginmike, thanks for the warm greeting. I remember our pm's quite well regarding tech retrace timing scenarios. I think that NDX 3,850 level you mention is now the upper band resistance level. Once NDX finds its V spike bottom (if it hasn't already), I think NDX 3,660 is first resistance level and 5 day MA. If earnings shine thru next week and MSFT #'s are strong this NDX 3,910 resistance 13 day EMA will be a brick wall where more selling and rotation to defensive plays will again emerge. Basebuilding and backfiling is needed. Would like 2 closes above NDX 3,660 to re-establish minimum confidence levels. Bottom line, QCOM 105 3/16, DITC 65, GMST 41 1/8 and my darling HIFN 44 1/8 are screaming buys now if you have cash that looking for work. At least 2 of these 4 minimum will be double these prices in 4 months imho. Round trip 4 of 4 2 BAGGER in this 4 month not out of question. Will look for this post in aug>.... ---------------------------------------------- I am looking for another bounce tomorrow - no later than Friday back to this NDX 3,530 intraday high for starters over the next few days. Best Regards, J.T.