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 (2494)	6/30/2000 9:23:32 AM
From: Chip McVickar	Read Replies (2) of 33421

Morning John, Who's confussed...? Charts are very Clear...! Solar Eclipse On July 1st.....Astro suggests it's violent. Furthermore a closer look at the 25day cumulative sum of the NYSE. Wed April 12th Last over/bought number of +2963 with a 1.09%. Also a 40day peak..! Fri May 19th Market cycled to an over/sold -2862 with a .92% in about 27days. Fri June 2nd Market moved from -210 to +1511 with a neutral .99% to 1.04%. Wed June 7th Marked the 40 day cycle peak.., right on schedual. Wed June 28th 15 days later records a +5308 and a over/bought 1.16%. This is the highest reading since May 13th 1999, where a +6115 or 1.17% over/bought condition existed. There is nothing higher until way back in Nov 1998 with +12,167 and 1.37%....middle of a bull run. (Note: 0.84 and 1.20% equal extreme o/s and o/b) Interesting...! Looks like within the next 25 days ±5-6, there should be another significant rotation.... Around August 4th± This suggests a declining market after the Aug 4 and into Labor Day..! Chip

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