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 (71)	2/19/2000 10:01:00 AM
From: robert b furman	Read Replies (1) of 33421

Hi GZ, The NAZ and the Russell 2000 look too healthy .Expect we will have weak rallies on support lines ( dow 9976 and leave it to you for the SP00). I'm looking for failed double tops in tech stocks.I'm also looking for broad advances over declines with few new highs. I believe the last act will display a bull trap accross all sectors of big and small stocks.We will see advances in all stocks with few new highs and no new leadership.In short a general topping out that will signal clearly that a correction is needed to redefine value.The strong will pop out and provide new leadership but only after all boats sink in the outgoing tide.Its already been so good for so long I just can't believe it.This market is running on a diet of speculation and momentum greed.JMHO Watch the small dogs for a top and prepare to short. The quick money of the dark side is setting up big time.I wonder if Bull Ridah is sharpening his harpoon? It would be neat if your first trade set up a 200 point positional short on your futures club!! Bob

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