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 (426)	3/14/2000 7:41:00 AM
From: Chip McVickar	Read Replies (3) of 33421

Morning GZ, Yesterday was a sign of hope, especially coming after the spikes and reversals. I'd been watching a 3 day buy pattern set up, but the spike on Friday changed the momentum. Now with the Mondays close higher then Fridays on the DOW, I believe we have a variation extension and perhaps a chance for higher prices. If economic news is favorable this week it could produce a healthy rally. SPX had the same pattern. Compx is also got an interesting pattern. GZ take a look at the Utilities Index over the last few months. It looks like a massive head and shoulders pattern has formed? What would be the measured move down off that formation? Chip

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