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 (4723)	9/27/2001 3:42:39 PM
From: Terry Whitman	Read Replies (2) of 33421

Interesting points that not many have spoken. Today could well have been the successful re-test of friday's lows. I remain skeptical however, as the Utilities are not participating, and the 10 yr. note rate is hitting fresh lows today. finance.yahoo.com^TNX&d=t Perhaps the rally is, as you suggest, simply bullish Yom Kippur buyers. Could also be shorts covering as the previous lows approached. End of Month/First of Month period is generally bullish, but that didn't materialize last month. I did put on my horns and bought a little NEM preferred today. <g> That NAT dividend looks mighty tasty. Take a look at the chart on it if you have time, and give us a technical read. Still looks a bit risky to me. TW ed- I just checked the Utilities, and they actually ARE participating, it's just that they remain in the red. TICK has hit +1000 twice today. Maybe it's for real..

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