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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (573)3/25/2000 3:58:00 PM
From: Chip McVickar  Read Replies (2) of 33421
 
GZ,

The simple DOW trend line from Sept 98 thru Oct 99 lows comes out at exactly 11,000 for Fridays market which closed at 11,112.

I'm sure you saw the daily double top on the Nasdaq.

I pulled up the Q.charts screen and clicked on $PREM.X
It shows some fairly significant swings for the prem, on the 60 min chart there are swings to 35 and down to -8 with no corresponding move in the price. There was one move on Mar 15th to +35 that did nothing more then stall the upward move. With these volatile markets, that in it self doesn't look very tradable.

Chip
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