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

To: Killswitch who wrote (14840)	10/21/2002 3:07:10 PM
From: Killswitch	Read Replies (1) \| Respond to of 19219

MSFT, SPX, DJIA look like they just broke down from an attempted bull flag breakout intraday (past 2 hrs). In other news, SPX and DJIA appear to have formed solid looking bear flag consolidations off the rise into Oct 15. Chart: personalpages.bellsouth.net If SPX loses 880 then we would want to see an acceleration of profit taking/selling, and we would have a shot at making a 110 pt downmove to approx 770 based on the length of the rise into Oct 15. Alternatively a break out above this flag formation today or tomorrow would be extremely bullish if it held. So we appear to approaching a decision point.