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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Chip McVickar who wrote (1168)4/18/2000 4:57:00 PM
From: John Pitera  Read Replies (1) of 33421
 
A few notes on today's action.

NASD a/d 3.2 to 1 today, NYSE A/D 2 to 1.

NASD 32 to 10 up to down volume today.

DJIA 5 DAY RSI at 46. over bought would be north of 70.

the NASD 5 DAY RSI also at 46 interestingly enough.

We'll have to sort through these earnings numbers
reported today.

The DJIA needs to break through the 200 DMA @ 10832
we closed @ 10767 today. the INDU and SPX are above their 50 dma's again, the SPX
moved above it's 200 DMA yesterday.

An interesting couple of weeks. -g-


John
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