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


To: J.T. who wrote (7150)3/9/2001 10:23:16 AM
From: J.T.  Read Replies (2) | Respond to of 19219
 
XAU gap filled after open up 38 cents intraday high of XAU 57.42 we are now at break-even after intraday low XAU 56.67. BULLISH in a break-out.

Market accelerating down... BKX at 884 down 26. DOW at 10,651 down 206. SPX at 1,236 down 28. COMP 2,068 down 100. NDX at NDX 1,837 down 101. Now comes the bounce. Lets see how long it sticks.

Best regards, J.T.



To: J.T. who wrote (7150)3/9/2001 3:18:03 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
BKX now at BKX 884.52 and held our morning mid-support 878 -880 as the intraday low is BKX 880.99.

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To:Dave kilty who wrote (7149)
From: J.T. Friday, Mar 9, 2001 9:48 AM
View Replies (2) | Respond to of 7178

Do not take this BKX lightly. We have blown right thru 898 like hot knife thru butter.
charts-d.quote.com:443/984149467490?User=demo&Pswd=de...
BKX 878-880 should be good support. If we head straight for 860 we got a long ugly day ahead of us. Gold up another $4.40 to 269.80.
************

If we assault 878-880 support b/w now and 20 min before bell I will stay short spx tempest. Otherwise I will take profit in SPX Short and move to cash if we move above BKX 885.

My gut feel here is we blow thru 880 but i will let market be my guide.

Best Regards, J.T.