John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (1087)	4/16/2000 4:13:00 PM
From: Arial	Read Replies (2) of 33421

Nice charts, John. Re: the NAZ log chart . . . . I use a monthly log chart and a parallel line (against the support line of '90, '94 and '98) intersected perfectly at the NAZ top when drawn from the 1987 high. Also, the fork on my monthly chart from the '87 low has the NAZ sitting right at support. However, the 10/5 monthly oscillator that has formed a perfect trendline at the lows is still above support. I expect it to eventually hit that support, but as long as it's not violated, I'll assume this is a hard wave IV down, with only the blue chip techs leading the final advance. By the way, do you see an "M" top on the daily dollar chart? quotes.barchart.com The daily looks bearish, and the consensus seems to be that the dollar will eventually move lower, but the monthly chart looks bullish to me as long as it stays above 104. fyii.net Regards

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