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

To: J.T. who wrote (9824)	1/23/2002 11:32:14 AM
From: J.T.	Read Replies (4) \| Respond to of 19219

Yesterday, BKX 850 support held with ease even though we had a one day false break on SPX 1,125 with a close of SPX 1,119.31. Now BKX is at BKX 859 and slowly grinding higher. This market will not tank without BKX breaking and closing below BKX 850 on two consecutive closes. The fact that it can not close below 850 even once signals higher prices dead ahead. Once BKX takes out BKX 870 on a close we are off to da races. Best regards, J.T.