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 (1557)	5/10/2000 11:06:00 PM
From: bobby beara	Read Replies (1) of 33421

John, i believe the $ is in blow-off phase, with 97% bulls, it had a breakaway gap off the triangle a few weeks ago, so it will be hard to tell how far it will rally, i think fomc could create some trend changes in certain charts, maybe the $. the put/call ratio today was .68 and here we are 34% off the top and people are still buying more calls than puts. we need a 25% drop in a week to shake up the faithful, we may need a blockbuster action movie to stir up the jaded =g= the low volume bear rally off 4/14 bottom could have been a b wave, if thats the case, make sure you have the proper seat in the balcony and a load of popcorn and coke -g- b

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