John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (48)	2/10/2000 3:53:00 AM
From: robert b furman	1 Recommendation of 33421

Yup, Parabolic Blowoff Top. When we look back at this chart - we will say "The only thing that kept us in the market was GREED" It is not a question of selling out now.It is a question of when and how to best enter a short position in what is an extremely rich and dangerous market. The good news is " when the reversal comes it will be a very quick 46.69 % ( actually your chart confirms that it will be a quick 50 % ). I couldn't count the days on your chart,but I'll bet any of the past reversals of price to the 200 day ma all occurred within 30 days. (50 % within 30 days is nice Hehehe) Bob I'm thinking shorting QQQ is the best way to go.It doesn't require an uptick and the naz 100 are looking weak already - as the purchasing power exits and/or filters down to the smaller caps.JMHO

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