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

To: marginmike who wrote (7738)	5/9/2001 10:51:48 PM
From: J.T.	Read Replies (1) \| Respond to of 19219

Lead all gold sled dog index JSE closed at its highest levels since March 22, 2000. It also registered an outside day today higher high and lower low from yesterday and closed at JSE 1158.20 with intraday high 1168.10. I have stated JSE resistance is at JSE 1,200 which could get tested tomorrow. With 'outside day' in JSE registered today, tomorrow is even more important that we get follow thru as it usually indicates a major move is dead ahead and sometimes indicates a near term change in direction is at hand. I will be taking profits in Rydex XAU Precious Metals tomorrow if at anytime we get intraday action b/w XAU 61-63 my intended target. Best Regards, J.T.