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

To: da_cheif™ who wrote (4849)	10/9/2000 2:57:37 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

they say buy on yom kippur (tonight)and if spz 1,425.50 holds the 2nd test today back to back... possible, but I don't think so... too much technical damage everywhere right now... BKX getting further whacked. UTIL can't get past 381. MER is toast.. GS along for the downdraft to get real heavy... best Regards, J.T.

To: da_cheif™ who wrote (4849)	10/10/2000 2:57:13 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

cheif, where is next spz lower support that must hold??? Best Regards, J.T.

To: da_cheif™ who wrote (4849)	10/10/2000 11:56:28 PM
From: J.T.	Respond to of 19219

Got Gold? NEM 15 1/4 is golden... Gold closed up 2 bucks to 271.90.... thru 280 is breakout city... Bye bye dollar... dollar weakness is golds gain... ******************************************************* From Bloomberg: 10/10 22:42 Dollar Near 7-Day Low vs Yen on Concern U.S. Economy May Slow By Mari Murayama and Miki Anzai Tokyo, Oct. 11 (Bloomberg) -- The dollar hovered near a seven- day low against the yen and four-day low versus the euro as U.S. stocks fell, spurring concern the economy may slow. Traders may sell dollars depending on ``how many more U.S. companies report worse-than-expected performance based on rising oil prices and a weak euro,'' said Masayuki Yamamoto, an assistant vice president for foreign exchange at Bank of America, N.A. The dollar recently bought 107.99 yen, little changed from 107.75 yen in late New York trading yesterday, when it posted its biggest loss in seven weeks. It also traded at 87.35 U.S. cents per euro, little changed from 87.16 cents yesterday. The Nasdaq Composite Index and the Dow Jones Industrial Average yesterday fell for a fourth straight day, reducing demand for the dollar. Nasdaq closed at its lowest since May 26 as more U.S. companies, hurt by a weaker euro and higher oil prices, said their performance will disappoint investors. The euro has given up most of its gain made Sept. 22, when central banks of the U.S., Japan, Britain and Canada joined the European Central Bank to buy the euro. It has shed a quarter of its value against the dollar since January 1999. A falling euro hurts U.S. exporters because it trims revenue on European sales after companies convert them into dollars. Crude oil for November delivery yesterday rose $1.32, or 4.1 percent, to $33.18 a barrel on the New York Mercantile Exchange, the third straight gain and highest closing price in three weeks. Oil prices are up 56 percent from a year ago. The yen yesterday climbed against all major currencies after machinery orders rose more than expected in August, boosting the outlook for Japan's economy. Further gains by the yen may be limited, as Japanese importers and investors will take advantage of the yen's seven-day high to buy cheaper dollars, said Hidenori Watanabe, assistant general manager for foreign exchange at Dai-Ichi Kangyo Bank Ltd. The euro rose against the yen as investors take advantage of its two-week low level. It yesterday weakened worse than 94 yen for the first time since Sep. 26. ``Those who sold too much (euro) yesterday are buying them back,'' said Yasuji Yamanaka, a foreign exchange manager at Nikko Trust and Banking Corp. The euro recently bought 94.37 yen, up from 93.94 in New York yesterday. In other trading, the dollar fell to 1.7391 Swiss francs from 1.7435 francs in late New York. The British pound was quoted at $1.4583, up from $1.4546 yesterday. Best Regards, J.T.