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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (1252)	4/24/2000 7:06:00 PM
From: bobby beara	Read Replies (1) of 33421

>>>Based upon what occurred in October of 1998<<< in 1998 there wasn't such a massive divergence between the nasdaq and the broader market indexes, or between the nasdaq and the nyse advance decline line (i'm using ko as a proxy for that on this chart) quicken.com the weekly candles on the sept/oct. 98 bottoms were both hammers, this one was on a big giant black candle off a parabolic top. the rubber band has already been stretched, now it's goin boing -g- b

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