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 (2334)	6/23/2000 10:08:00 AM
From: John Pitera	Read Replies (1) of 33421

GZ, the SPX cash has support at 1453, it's 21 dma and then at 1438, which is it's 50, we could well see a rally or two in the next several days until we break below those levels. obviously the 6-13 low of 1443 would be broken if we get under 1438. 1443 is support. It's probably very hard for the market to really break down prior to the Fed decision next week. Rhetorically, how do we get our big leg down, until the Fed decision, the genome beauty pagent, that will be a massive media event next week and end of Q2 window dressing? to counterbalance that thought, the nasd does look weak -g-

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