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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Dan Duchardt who wrote (697)	4/3/2000 11:45:00 AM
From: Chip McVickar	Read Replies (1) of 33421

Dan, >>I don't see any of that "M" structure Chip has been talking about for the Nasdaq composite<< The "M" pattern is without question the most dominant feature on the Nasdaq daily chart. It cannot be ignored and its existence remains an important element of the chart. It suggests a market top and that a downward trend has begun. A close below 4455.10 will cement the pattern until the high of (4) 5078.86 is taken out with a close. siliconinvestor.com Although not a bear market.....(not yet), you can see from the weekly chart something is going on and may develope into a more serious condition. Chip

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