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

To: Lost to Voodoo who wrote (3401)	6/1/2000 11:39:00 AM
From: Joseph Stratmann	Read Replies (1) \| Respond to of 19219

Sure enough... the BKX hit a resistance at 856. I had a down trendline from the high 4/25/99 hitting tops in 10/24 and 10/31/99 sliding on down showing resistance at 856. BKX just cant break that. As a side note, this is coming from a TA rookie so take it with a grain of salt, I show the following stocks either at the top of the downward trendline or within a few points: At Home (ATHM) Oracle (ORCL) EBay (EBAY) JDS Uniphase (JDSU) ugh, on my chart its 8 points above channel (So much for that idea) :) Qualcomm (QCOM) I show resist around 72 3/4 but I could totally be reading this wrong. This trendline its now hitting, was the bottom of the prior downard channel I had. AMEX Internet Index (IIX) I show resistance around 450 and its topped at 444 today. Nadsaq Composite (COMPX) I also had a downward channel on this showing resistance around 3490 from prior highs. Now Yesterday it bounced off the trendline but today broke thru. Perhaps it will be what they call traders remorse or maybe I was a wrong in the first place. If anyone thinks Im reading this wrong please correct me as Im more anxious to learn than prove Im right. :) -Joe