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

To: LBstocks who wrote (3001)5/17/2000 11:54:00 AM
From: marginmike  Respond to of 19219
 
The Nas is down 91? the dow 170? I am still more bullish, but i was looking for NAS 2500 a week ago<g> I think bottom is in, but we can bounce of it for a whille. The lack of follow through here is dishartening.



To: LBstocks who wrote (3001)5/17/2000 12:10:00 PM
From: J.T.  Read Replies (2) | Respond to of 19219
 
LB, Keep one eye on the UTIL down 7 today over 2% to UTIL 322.

I have mentioned 2 closes below UTIL 318 is VERY BAD and if confirmed by 2 closes below BKX 780 and I will head for the exits and abort the BULLISH scenario for that late May June rally.
A worst case scenario, fwiw.

Best regards, J.T.


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