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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (1300)4/25/2000 4:17:00 PM
From: John Pitera  Read Replies (2) of 33421
 
NYSE a/d 22 to 8 NASD A/D 28 to 13, not too bad,

SPX and DJIA are now above both the 200 DMA and the 50 DMA,
by a fairly good margin,

THE DJUA has really had a nice run. Congrats too CHIP for
nailing the big bull move in the DJUA!!!

Probably the single piece of News which is the most bullish
is the DJTA closing above it's 200 DMA.


We were above it for a day or 2 in early April and then
fell back to support, this second round of closing above
the 200 DMA means that the market is getting more serious
about this nascent DJTA rally.
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