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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Chip McVickar who wrote (2967)12/11/2000 2:04:18 PM
From: John Pitera  Read Replies (1) of 33421
 
Thanks for the article Chip, It does look like
11-30-00 marked an intermediate term bottom as
indicated by current operative cycles.

Interesting how the 180+ day cycle gave us the
August 30th top and then the Nov 30th bottom esp.
in the NASD. Gold is selling off the last
few days and the Dollar Index found support in the 114
area.

Natural Gas is still the MoonShot Market of the
year. The NG stocks like EOG, APC, APA, DVN, even ENE are
rallying today. It can be argued that APC
has been in a correction down in price for most of
the last 3 months and may be getting ready for another
leg to new highs, same for stocks like APA and DVN.

John
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