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

To: 2ripley2 who wrote (3410)	6/2/2000 12:16:00 AM
From: J.T.	Respond to of 19219

2rip, The market response and more importantly the close will tell us if the summer rally is on or if we have more work to do on the downside test of support. I have called for this June rally but am betting it is from one more test of supports or lower lows from which we bounce. If I am wrong, I will look to get long Rydex at the appropriate time. BKX is in Bullish break-out up 4 days in a row. With a benign number, BKX can run to this BKX 880 intraday level. If it is robust, I am looking for a small one/two day pullback but BKX 820 is now support and we need two consecutive closes below this level to break this support... Best Regards, J.T.