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 (5168)	12/1/2001 10:00:07 PM
From: Jacob Snyder	Read Replies (3) of 33421

re: SOX index keeps getting support at it's 21 dma: It also keeps getting resistance at it's 200DSMA: stockcharts.com[w,a]daclyymy[d20000101,20011201][pb50!b200!b21!i][vc60][iUb14!La12,26,9] In the next 1-4 weeks, the ST uptrend is going to bump up against the Longer-Term downtrend. I'm betting we are in for an extended period (all of 2002) of sideways volatility. High valuations and poor earnings are going to do battle with low interest rates, fiscal stimulus, and liquidity. The result will be: up and down and up and...........

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