John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: GROUND ZERO™ who wrote (1985)	6/3/2000 9:26:00 AM
From: Jerry Olson	Read Replies (2) of 33421

Hi GZ all my work says we will pullback to about 1448ish next week, maybe Tues thru Fri..then cycle highs the following week...16th to the 22nd... it's the first time my cycle guy Carpino has a cycle high during option exp week..and i'm gonna take big advantage of that<g>... things look solid GZ..test the lows??? not here... maybe later after the FOMC, sentiment has changed, and the sideline cash is looking for a home... those last 2 hikes or so haven't even begun to work yet... i doubt AG will move here at least for 1-2 months just to see whats up... as for the bonds??? hey that was some spectacular rally, we broke below 6%...we can retrace a bit here..not a big deal... i'm just not as ominous anymore about the markets...on every index we broke the downtrend line hard..and every major big cap stock has done the same thing... i like the look and feel of this market right here...will not say i won't short a blimp or 2<g>..but my bias is long for this time frame... we are backing and filling as we move higher thats all...consolidation at lower levels...it looks right to me.. best to you..OJ

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