John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Chip McVickar who wrote (615)	3/30/2000 3:03:00 PM
From: John Pitera	Read Replies (2) of 33421

We should be finishing up an A-B-C correction in the NASD now! geocities.com if we stay above the 4401 level on the NASD, this looks very much like a completed A-B-C correction. Money is still moving around in the market as we can see with the rallies in insurance, food, and drug stocks as well as other value areas. So Far the DJIA and the SPX have held up quite well, which again makes me think that the NASD is completing the above A-B-C corrective pattern. If we do move decisively below the 4400 area then the zones mentioned last night will come into play. ie 4250-4190 John

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