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

To: J.T. who wrote (7200)	3/12/2001 1:09:53 PM
From: J.T.	Read Replies (4) \| Respond to of 19219

BKX has been a dead fish out of the water trying to flop its way back in. BKX intraday low is BKX 851.01 and below death support BKX 860. We are now barely above this levell and trying to bounce at BKX 860.64. If and only if we turn back down below 860 and take out intraday lows this afternoon you can expect DOW will accelerate down to new lows. DOW intraday low is DOW 10,404.45. We are now at DOW 10,450 down 194. A break below DOW 10,300 this afternoon, if it materializes, will potentially turn this into one of the top 5 net loss closes in the DOW on record. The greatest net loss (not net % loss) was recorded on April 14, 2000 when the DOW closed down 617.78 points. the statistics: There are two ways to measure: index points and percentage change. Here are tables of the biggest one-day declines in both terms. Days with Greatest Net Loss Rank Date Close Net Change % Change 1 04/14/2000 10305.77 -617.78 -5.66 2 10/27/1997 7161.15 -554.26 -7.19 3 08/31/1998 7539.07 -512.61 -6.37 4 10/19/1987 1738.74 -508.00 -22.61 5 10/12/2000 10034.58 -379.21 -3.64 6 03/07/2000 9796.03 -374.47 -3.68 7 01/04/2000 10997.93 -359.58 -3.17 8 08/27/1998 8165.99 -357.36 -4.19 9 08/04/1998 8487.31 -299.43 -3.40 10 02/18/2000 10219.52 -295.05 -2.81 *********************** Days with Greatest Percentage Loss** Rank Date Close Net Change % Change 1 10/19/1987 1738.74 -508.00 -22.61 2 10/28/1929 260.64 -38.33 -12.82 3 10/29/1929 230.07 -30.57 -11.73 4 11/06/1929 232.13 -25.55 -9.92 5 12/18/1899 58.27 -5.57 -8.72 6 08/12/1932 63.11 -5.79 -8.40 7 03/14/1907 76.23 -6.89 -8.29 8 10/26/1987 1793.93 -156.83 -8.04 9 07/21/1933 88.71 -7.55 -7.84 10 10/18/1937 125.73 -10.57 -7.75 I am quite sure the crash protection team is watching closely and A.G. is watching... will he surprise with inter-meeting cut of fed funds another 50-100 basis points prior to March 20 FOMC meeting??? Best Regards, J.T.