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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (617)3/30/2000 10:47:00 AM
From: Chip McVickar  Read Replies (1) of 33421
 
GZ,

I was reffering to this note of yours:
>>If you run a line across the July and December highs of the SP cash, you'll see that the market broke out above that line and we just came back to test that line... <<

What a chartist call that line..?
A trend line...resistence/support...? We could make one up, how about a bird line or duck line...could be a goose line because it's flying up there nice and high...? <<smile>>

The 10/18/99 low fork mediam line crosses that July-Dec "goose line" today.

Markets are trying to work higher, wonder what that overnight and morning dip was all about...!

Chip
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