John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (67)	2/18/2000 3:35:00 PM
From: John Pitera	Read Replies (3) of 33421

SPX Chart UPDATE-- Not below .618 retracement or Major Trendline yet. with the major damage to the insurance, financial and retailers, and with WMT, AXP below their 200 dma's and GE testing it at the 124-125 level. It's time for a review we need the SPX to take out the 1327 level which is the .618 retracement, as shown here. geocities.com we are still getting support from the Gann 1 * 2 line. Looking at a longer term chart we are still above the green major uptrend line, as can be seen in this 2nd chart. geocities.com so for all of the damage we have held djia 10K as well as these other important SPX levels. more thoughts this weekend. John

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