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

To: J.T. who wrote (3050)	5/18/2000 8:30:00 AM
From: marginmike	Respond to of 19219

Trade deficit Friday could be a problem short term

To: J.T. who wrote (3050)	5/18/2000 10:31:00 AM
From: Lost to Voodoo	Read Replies (1) \| Respond to of 19219

JT - though a chart like VSH is obviously remarkable in this environment I don't quite see what others do in JDSU & QCOM on a technical basis. They look pretty indefinitely dead to me & I would tend to wait for a clearer picture. Do you like them based on the concepts and because they were so great before or am I missing something?

To: J.T. who wrote (3050)	5/18/2000 1:27:00 PM
From: J.T.	Read Replies (3) \| Respond to of 19219

I am liking these markets right here. BKX closest test was BKX 783 intraday and never broached magic 780. Now at BKX 800. One close below it is fine but the BKX is ready to rumble I am not going to wait. UTIL back higher again showing repel action from yesterday lows UTIL 322 and higher off 318 prior support. I like NDX test of lower support and if we can hold above NDX 3,500 close today it is time to go long get the 1 day fast break. Maybe one more test of todays lows NDX 3.475 and then upward and onward. Now at NDX 3,488 down 60 SPX holding well and we are getting ready to awaken from slumber. SPX at lows SPX 1,441 down 6 The diamonds I mentioned yesterday you could pick up lower I like em here. The financials have continued there move and MER shows underlying strength. I here the stampede in the distance. Best Regards, J.T.