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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (737)4/3/2000 4:26:00 PM
From: Chip McVickar  Read Replies (1) of 33421
 
John,

The Nasdaq has reached the lower tine off a fork from 1/24, although not a dominant fork it is holding for now.

Combined with this...., for tomorrow a double TP for the Nas and should produce an upward move of some unknown strength. If not it might mark a bottom for the move.

Below this is a lower tine near 3850ñ, which is also the 50% retracement for the entire move beginning in Oct 99.

Remarkable Panic begun just after the biotech's stumble and the Clinton/Blair pony show.

Chip
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