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

To: J.T. who wrote (3358)5/26/2000 2:46:00 PM
From: J.T.  Respond to of 19219
 
Critical supports teetering right now: These levels must hold TODAY:

If DOW closes below DOW 10,200 and BKX closes below BKX 795 today along with NDX 3,000 and SPX below SPX 1,370 - this is dangerous dynamite mix and sets up for extreme capitulation next week hard intraday sell-off.

This will present great opporunities to go long but right now we must find lower bottom first- no one can catch the falling knife without getting cut up.

Best Regards, J.T.




To: J.T. who wrote (3358)5/26/2000 3:26:00 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
ADBE 102 3/8 down 2 + is fading bad into the bell. If it manages to close below ADBE 100 this stock looks like it is about to fall off a cliff. A second close below 104 1/2 is technical negative and confirms the penetration of 5 day MA.

Disclaimer I have July ADBE puts.

Best regards, J.T.


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