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

To: Geoff Altman who wrote (7298)	3/16/2001 11:17:18 AM
From: J.T.	Respond to of 19219

If SPX can close above SPX 1,160 with BKX a close above BKX 840 I think todays collateral damage can be contained and we can bounce to these SPX levels mentioned in Rydex update last night but extend the time frame to later next week. ...<I think we can shoot for SPX 1,208 resistance area intraday high possibly tomorrow or monday and ultimately SPX 1228 level over the coming week upside maximum and then potentially turn back down before we attempt to repair damage>...fwiw CBOE Equity/ Index/ Total Put Call Ratio has spike to 1.03 from 0.88 in last half hour. This contrary indicator alone is BULLISH. Best Regards, J.T.