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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (73)2/22/2000 5:09:00 AM
From: robert b furman  Read Replies (1) of 33421
 
Hi Gz,

This looks a little oversold:http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=120&chart1=ma&s=indu&compare=&time=day&i0=8&chart=candle&i1=6&scale=log&i2=3&i3=4&rbv=1&wpr=0&cci=60&obv=5&dmi=20&macd2=26&macd1=12&sd=5&sk=12&mt=22&rsi=14&lr=25&bbpct=10&bbprd=200&ma1=5&ma2=20&macds=9&smaema=1

This looks like it is rolling over-look out below:http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=120&chart1=ma&s=inx&compare=&time=day&i0=8&chart=candle&i1=6&scale=log&i2=3&i3=4&rbv=1&wpr=0&cci=60&obv=5&dmi=20&macd2=26&macd1=12&sd=5&sk=12&mt=22&rsi=14&lr=25&bbpct=10&bbprd=200&ma1=5&ma2=20&macds=9&smaema=1

This looks like price has divergences going with all indicators- great short coming in QQQ if a failed seond top ocurrs.JMHOhttp://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=120&chart1=ma&s=compx&compare=&time=day&i0=8&chart=candle&i1=6&scale=log&i2=3&i3=4&rbv=1&wpr=0&cci=60&obv=5&dmi=20&macd2=26&macd1=12&sd=5&sk=12&mt=22&rsi=14&lr=25&bbpct=10&bbprd=200&ma1=5&ma2=20&macds=9&smaema=1

This is where the action will be,as the the Indu and spoo balance on 200 day ma.http://www.siliconinvestor.com/research/chart.gsp?lotemp=&period=120&chart1=ma&s=iux&compare=&time=day&i0=8&chart=candle&i1=6&scale=log&i2=3&i3=4&rbv=1&wpr=0&cci=60&obv=5&dmi=20&macd2=26&macd1=12&sd=5&sk=12&mt=22&rsi=14&lr=25&bbpct=10&bbprd=200&ma1=5&ma2=20&macds=9&smaema=1

Look for large advance / declines with no new highs and you will have an all stock bull trap to SHORT JMHO.

Bob
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