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

To: marginmike who wrote (7349)	3/20/2001 3:01:39 PM
From: J.T.	Respond to of 19219

The Great BULL MARKET's Last Stand??? Right now my "key" read is SPX first with DOW confirmation and BKX second - a subservient index to SPX. If SPX holds above SPX 1,160 on a close it is BULLISH. If we close below SPX 1,150 and confirms with DOW close below DOW 9690 and intraday low of DOW 9624 print I will throw in the white rag on any long term sustainability of the greatest Bull market advance in history... We could certainly get guerrilla type rallies from lower levels, but none with life sustaining Bull Market advancement the likes we have seen since 1982 the commencement of this dramatic Bull run... Make no mistake about it... We are in territory that needs to hold right here and now. With DOW at DOW 9890, we have flexibility with 200 points downside on DOW, but sub DOW 9690 close is my last stand on Bull Market. This will be cemented in stone with one close below BKX 780... From there I turn into a BEAR... If we hold above these death supports, I will continue to remain a BULL.. Best Regards, J.T.