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 (353)	3/8/2000 5:34:00 AM
From: GROUND ZERO™	Read Replies (2) of 33421

Hi John, Welcome back... that's a great chart!!! What I see in that chart is that we've seen a low at 4.1 back in October of 1998 and have been trending upwards ever since... yes, we may have completed a five count up move, but we don't know that for certain...<g> what we do know at this point is that the trend has been moving higher since that low point in October of 1998 and is now at the lower end of the up trend channel... yes, it could break from here, but until the channel line breaks, the trend is still up... I think we can see higher rates into the latter part of this year..... GZ

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