John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Terry Whitman who wrote (3379)	3/7/2001 10:27:36 AM
From: John Pitera	Read Replies (2) of 33421

I'm working for ya Terry -g- BRR up 33% on the unsolicited bid. all the Natural Gas stocks are getting marked up, as it's obvious that there may be more takeovers to come from resource rich NG companies. I see that the NASD on the 30 minute bar charts is right up against it's Linear Regression trend channel and has made a lower high than the 2-26-01 rally high around 2280. the NASD has also failed to get above the Jan Low of 2251. So the high this morning has been the logical place to sell so far. The SPX has not gotten above the 2-27-01 high on the 30 minute bar chart. lets see if AJCohen's increased equity market weighting can negate the bears. John

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