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

To: J.T. who wrote (3322)	5/25/2000 12:57:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Regarding NDX: I would like this minimum close today above this NDX 3,260 level the double close on 5/19, 5/22 this past Friday Monday combination as we don't want this level to be new resistance. Ideally take this NDX 3,260 level out hard and move into this NDX 3,295 (9 day EMA)- NDX 3,315 (200 day MA) zone so as not to cause too much money too shift back to NDX in a quick stint. If we close above this NDX 3,315 today the fence -sitters and mutual fund switchers have easier decision to put the money to work before the bell. WE DO NOT WANT THIS. We want one more day of frozen deer in headlights syndrome as tomorrow will then be light trading day that can push it higher. We want fear of missing "next leg up or early summer rally" for this group and we want end of day decisionmaking today's closing numbers to be perplexing. Maybe this whipsaw in the last hour to create that seed of doubt... Best Regards, J.T.