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 (3446)	3/14/2001 6:38:53 PM
From: John Pitera	Read Replies (1) of 33421

Terry, looking at those charts it does look like the 4 averages could all make there way back to the Oct 1998 lows. I see that Carl S has these targets in mind. The DJTA has really been falling off the cliff. The big time trades have been to have been long the eurodollar futures (not the eurocurrency) as it's been in a beautifully trending pattern and it's made excellent sense that those prices will rise as Fed Funds rate cuts will continue. -------- Carl S: ------ am assuming that the down trends of the S&P 500 and Nasdaq will continue, and my immediate downside targets are 950 and 1400 respectively. But I do not believe that will be the end of it. My overriding assumption is that the bear market in the Nasdaq and S&P 500 will continue to spread and will encompass the NYSE and Dow as well. When the bear finally goes back into hibernation, maybe all the averages will once again be back in gear with one another. ------

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