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 Madarasz who wrote (3851)	5/16/2001 11:01:56 AM
From: John Pitera	Read Replies (2) of 33421

Hi John, the 5 and 21 Day Exponential MA's are getting very close to crossing once again, The NASD may have just completed an A-B-B correction in price and time from April 19th, the day after the Fed ease. If this is the case then they will not cross, If the Nasd is weak enough for them to cross, we'll have to think about a more solid retest of 1619. I don't think we see that over the next 6 weeks. the TICK just printed 1250 about 10:50.. readings above 1200 are both rare and bullish. John

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