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

To: J.T. who wrote (4836)	10/9/2000 10:20:07 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

stealth NDX micro-test stock BRCM closing in on BRCM 218 now down 6 3/4 to 220 3/4 with intraday low of 219 1/4.. It must take out 218 to have chance to run at 211 7/8 intraday very near term the 100 day MA... ADBE so far has held 100 day MA 144 1/8 with intraday low of 145 1/8... now up 3/8 to 148... the day is young.. Best Regards, J.T.

To: J.T. who wrote (4836)	10/11/2000 2:29:14 AM
From: J.T.	Respond to of 19219

NDX micro-test stocks BRCM and ADBE break posted supports from MITA. BRCM closed at BRCM 211 down 20. - it broke our critical support 211 7/8. ADBE closed at ADBE 143 11/16. - it broke our critical support 144 1/8. A second close at or below posted supports confirms the break. We may break in the morning and recover at the bell. It is the close that counts. *************************************************** Message #4836 from J.T. at Oct 7, 2000 2:40 PM ...<thanks, mike. I would like to call your attention to 2 stealth Bull stocks that continue to avoid being taken out of their primary uptrend in the coming week is ADBE and BRCM. These are 2 excellent Bull proxy stocks for the NDX 100 micro-test whether NDX 3,000 will get taken out or not. If they bounce back up on Monday with follow thru, then we have a short term hit and run guerrilla tradable rally. If ADBE breaks its 25 day MA (144 1/8) back to back- it closed at ADBE 147 5/8, it will be the another warning shot across the bow that they are now assaulting the strongest NDX proxy stocks. ADBE has that closing gap to fill from 9/15 to 9/18 from 132 5/8 close to 142 close and it hasn't looked back. We pierced the veil intraday low 140 5/16 yesterday but ADBE bounced back up as it has repeatedly done over and over to close at ADBE 147 5/8. For BRCM, I am looking for an intraday test of the 100 day MA at 211 7/8 - it closed at 227 5/16 with intraday low at 219 7/8. If BRCM 218 is not taken out in the next test, blow out of any short or put position quickly. 218 held 9/12 and 9/13 before taking off again... MER, JPM - along with BKX and UTIL has served MITA well in spotting the undiscernible problem in the market over the past few days. Lets see if ADBE and BRCM can do the same for us in NDX in the coming week>... ************************************************** ADBE is on deck for an intraday test of its 50 day MA of ADBE 134 1/16... Best Regards, J.T.