Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (5485)	12/6/2000 2:22:29 PM
From: J.T.	Respond to of 19219

BKX action today clearly exemplifies the glass is half full yesterday and half empty today bipolar split personality theory and why I will continue to guerrilla trade until a trend is established more than 2-3 days in a row let alone 1 day. After being up all morning and reaching an intraday high of BKX 874.35 up 3%- we are now down 15 and at session lows to BKX 831.02 down 1.9%. ALL IN 1 DAY NO LESS. So right now yesterday's 1 day breakout carried into this morning with todays reversal if it closes at these negative levels - is a 1 day FALSE upside break - especially if it closes below BKX 823. If we close near session lows- especially below BKX 823 this will prove ominous for the market over the near term. Now at BKX 822.79 as bank loan problems are surfacing. Best Regards, J.T.