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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (911)4/12/2000 12:14:00 PM
From: Chip McVickar  Read Replies (1) of 33421
 
John,

The second bar of a Lindahl Wiggle is now in place on all the Indexes 30 minute charts.

The low of the 3rd bar is in place on all 3 major Indexes.

In this half hour the markets need to close above the 11:00 bar close to satisfy this formation, and if so it suggest a good rally is possible.

That high for the spoos is about 1507ñ
compx about 3900ñ
indu about 11345ñ

However the 60 min charts still show a lot of weakness.

Chip
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