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

To: High-Tech East who wrote (13790)	7/25/2002 9:09:11 AM
From: J.T.	Read Replies (1) \| Respond to of 19219

Right. Today will be interesting as we will gap open down out of the box. This is better than an upside open gap which would immediately get filled from a Bullish perspective. Let's watch if we retrace 1/3, 1/2, or 2/3 of yesterday's gains via todays intraday lows and see if we can close off the lows. Will tech intraday lows possibly test 3/4 retrace off yesterday's advance? Will the Bears come out hard and short yesterdays rally and continue to feast like pigs. Will the Bears continue to get rewarded to sell all dips? The last hour of trading will be quite revealing. For the market to do my bidding, I would like to see the market close down today and consolidate yesterday's gains.. but somehow finish well off the lows. Best Regards, J.T.