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 (69)	2/19/2000 8:45:00 AM
From: robert b furman	1 Recommendation Read Replies (1) of 33421

Hi John, Really do like those charts.Any shake out worth its salt,will at least intra day break your first major support line.Its purpose is to define the next level of fear.October 8 1997 was such a day (fortunately the market rallied from there). Today we have rising interest rates,a rising crb index,the s&p and dow breaking below their 200 day m.a. and the naz took an all sector slapping. I'm thinking it has been a long time since all these" New Era Investors" have been introduced to a healthy correction.I think our long term secular bull is still in the arena - but even the super bowl has a half time intermission. This is a good weekend to do some studying up. Thanks for your posts they are good reading. Bob

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