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 (3695)	4/5/2001 5:44:34 PM
From: John Pitera	Read Replies (1) of 33421

Yesterday saw the Market Vane report only 18% bulls for the second time in one week. These are the lowest readings since May of 1984. The Consensus reports 16% bulls this week, up somewhat from 10% last week but still a very low amount of bulls -- these numbers just on their own suggest one should be looking for a bottom. NASD up volume was over 25 times greater than down volume today, and the A/d line was 3.32 . The NYSE up to down volume was 6.88 and the A/d numbers were over 3 to 1 today, this coupled with the very high 10 dma or Trin and the very high trin reading on Tuesday afternoon, increase the likelihood of this rally extending for a while.

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