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 (68)	2/24/2000 9:44:00 AM
From: John Pitera	Read Replies (3) of 33421

SPX Chart Update--LAST FRI support levels holding so Far. Message 12914598 the support zones identified last Friday afternoon, have done a good job of holding the correct so far. geocities.com Indeed, the market Bellweather GE went to it's 200 dma at 124 and has swiftly moved to back over 130. The longer term trend channel has held so far as well. geocities.com Let's see what type of rally develops from this low. The SPX really needs to get above it's 200 dma which is at 1362 today on the cash SPX. The DJIA has not rallied off of it's 10200 base and a decline below 10K on the DJIA would mean a test of more significant support at 9640 John

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