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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (938)4/12/2000 2:27:00 PM
From: Chip McVickar  Read Replies (1) of 33421
 
I look forward to Eliades....He's a great technician and puts out an honest forecast. Just have to do the opposite he does when his calls don't materialize. <<chuckle>>

The Nasdaq has a chance to turn around here this afternoon, because of the TP I mentioned. But it could also produce just a short-term bottom and no follow through.

Somewhere I remember reading..., Pretchter said, if the Nasdaq closed below 4100 all the speculation would be wrung out of the markets and would provide good base for the rest of the year. I'll see if I can find that..?

Chip
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