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


To: eichler who wrote (5549)12/11/2000 11:52:33 AM
From: J.T.  Read Replies (1) | Respond to of 19219
 
See rydex update.

BKX at BKX 870 and into my zone again 860-880 level.

I have targeted NDX 3,180 - 3,250 as intraday high (we are now at NDX 2,975) before we turn back down but with these rydex figures I would rather sell too soon rather than too late.

Byron Wien Technical Analyst Morgan Stanley Dean Witter has gone Bullish the NAsdaq and expects a 25% move over the next 4-6 weeks. This perennial BEAR guy has an incredible record for being wrong and is a great contrary indicator.

Let the market be the judge.

Best Regards, J.T.