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)	11/14/2001 10:27:16 PM
From: karma	Read Replies (1) of 33421

I'm thinking that we're making a "W" bottom on the NASD at the moment. both the NASD and SPX went back to the neighborhood of their Oct 1998 lows and The SPX has been holding up nicely since, it's low of last Friday. The Banks and Brokerage Indexes (BKX and XBD) have been holding up extremely well and trading very "dry"...just a total lack of sellers it seems. why would some of the Momentum stocks make new lows, even though the market had apparently bottomed?

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