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

To: Joseph Stratmann who wrote (3617)	6/28/2000 12:39:00 PM
From: J.T.	Respond to of 19219

Great work, Joe. You are right of IIX support at IIX 476. We are now at IIX 487 and it is banging on resistance. If it gets thru 490 it is going to 510 resistance. Same for support SOX 1,170. Now at SOX 1,193. No one is expecting a 1/4 rate hike. NO ONE. If we get that 1/4 rate hike it will throw everything into a tailspin. IF they stand pat as most espect I have said it is end of quarter window dressing time and they could ramp it up. Again, seasonally very Bullish right now. Look at gold. If they don't raise 1/4, gold is perceiving we are behind the inflation curve into august and bullion it is headed thru 300 an oz in my opinion. an XAU could hit XAU 68. Right now my target is XAU 60.08. Good analysis on BRCM. Best Regards, J.T.