John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: IndexTrader who wrote (326)	3/6/2000 11:24:00 PM
From: robert b furman	Read Replies (1) of 33421

I think the turning point is approaching. The general weakness of big caps and the unusual divergence of the small caps says it all. We are witnessing the topping of the longest bull market in history. No it won't turn over night. Yes it will be obvious - except for those blinded by greed. Yes it will provide the best of markets for those nimble enough to be traders in volatile markets (of which I regretably, can not claim proficiency in). I believe the cascading of dollars down into lower priced stocks which pumps up the lower indices - is the only game left in town!! It is the only affordable game left !! Think about it - if you were pulling equity out of the market what market could you afford to pump up ??? THE LOWER PRICED MARKET !!! THE REST IS EQUITY EXITING THE MARKETPLACE !! Remember - you must sell at the top - to have purchasing power at the bottom !!! Therefore the russell 2000 flies up , as a positive divergence - as the heavy indices fall from there past inflated weights. Capt. Jim has it right . Eventually the market falls from its own weight!!! siliconinvestor.com Only the blue line rises(russell 2000) as the rest roll over! WE WITNESS DISTRIBUTION !!!! JMHO Bob

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