Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: y2kate who wrote (3109)	5/19/2000 10:10:00 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

y2kate, BKX 780 and UTIL 318 are first supports that are important. It is tricky here because of this Friday/Monday combination. What I mean is you could get one close below these supports on a worst case scenario today. And then on Monday you don't know if it is a one day false break and we turn back up or it is confirmeed on the second close below these levels. Same with NDX. NDX 3,207 must hold on a closing basis. If it does not, Monday sets up bad. So far the intraday low is NDX 3,330 and is still a higher trending low but these areas must hold right here and now. Volume is a problem, no one is stepping up to buy the dips with conviction. So far so good... Best Regards, J.T.