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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Les H who wrote (3711)	4/11/2001 8:35:27 AM
From: John Pitera	Read Replies (1) of 33421

A valid point on the 2 very strong up to down volume on NASD we have seen since last thurs...... Tony Dwyer MARKET 4/11/01 8:24 AM ET Good morning everyone. I am not on today, but wanted to give you some food for thought. Advancing volume beat declining volume on the Nasdaq by better than 12-to-1 yesterday. That represents the second time in a week that the volume ratio was above 10-to-1 -- VERY RARE STUFF. I don't ever remember seeing those types of readings. Typically, a ratio of 5-to-1 is a near- and intermediate-term buy signal. In addition, those types of readings come during the initial stages of a meaningful advance, not at the end. I don't want to suggest that we are going straight up from here, but there are a number of signs that we are in the process of making a significant bottom that should lead to a new cyclical bull market

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