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

To: bobby beara who wrote (3749)	7/10/2000 11:00:09 AM
From: J.T.	Respond to of 19219

yogi, cross-currents everywhere. BKX is gaining some momentum above 790, but IIX can't seem to get above IIX 500. For BKX, it needs to close above BKX 790 for second back to back close above this important level. I raised the bar 10 points from important 780 resistance b/c it traded above it 3 times intraday in the 14 trading days it closed below 780 and failed on the close prior to Friday's breakthru. A close below 790 is technical breakdown for bull argument. JDSU acts as drag on NDX, but UTIL above 318 and trying for 2nd close above this important level. We will find out soon enough - I think by close on Tuesday. I am in short SPX rydex fund but trying to get winning streak going. Best Regards, J.T.

To: bobby beara who wrote (3749)	7/10/2000 1:45:52 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

bobby, glad you got the info needed via pm. Notice the dichotomy on DOT and IIX not really participating in this little broad market rally, but at different levels in support/resistance levels. Nets must participate to get the next leg up going, if it is going to materialize, DOT needs to hold this DOT 800 level - now at DOT 799 and going back to end of may support levels. A DOT 60 minute chart: charts-d.quote.com:443/963250687920?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:DOT.X&Interval=60&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10 IIX is more diverse net index with and closer to resistance levels unlike DOT on supports. IIX needs to break thru IIX 500 resistance now at IIX 494. An IIX 30 minute chart: charts-d.quote.com:443/963251178070?User=demo&Pswd=demo&DataType=GIF&Symbol=INDEX:IIX.X&Interval=30&Ht=400&Wd=600&Display=0&Study=&Param1=&Param2=&Param3=&FontSize=10 Best Regards, J.T.