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

To: J.T. who wrote (4524)	9/8/2000 2:16:40 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

Yesterday, I mentioned IIX 444 and SOX 1,087 needed to hold support which they did and today they are underfire again... a bad omen... Message 14343542 IIX now at IIX 532 and SOX at SOX 1,048... decisively lower from important supports. This is putting heavy pressure on the market although SPX down less than 8 holding up well with strength in banks and utilities.. I would like to see SOX close above SOX 1,072 and IIX hold IIX 527 support.. both the 25 day MA's... SOX can have one close below this level but back to back and we are in trouble in NDX land... 5 day rsi back to oversold 30 levels... still no comfort in this as this band can stretch below extreme oversold 20... Best Regards, J.T.