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 (3362)	3/6/2001 7:44:52 AM
From: Terry Whitman	Read Replies (1) of 33421

That silly oil index keeps getting rejected at resistance. Funny how that works. 207.61.23.99 I keep thinking it's finally going to break thru resistance, and it is rejected time after time, after a false breakout or two. It would seem the proper trading strategy would have been to sell at resistance, and buy below trend. I'm certain if I sold here, it will indeed break out this time. <g> Yesterday was the first Monday market rally I can recall in a while. Maybe the trend is changing here? A follow thru today and tomorrow would have me leaning that direction. The trend of late has been to sell off mon-wed, and rally at the end of the week.

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