John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Steve Lee who wrote (5716)	2/28/2002 1:08:09 PM
From: John Pitera	Read Replies (2) of 33421

Hi Steve, The BKX has been the strongest relative strength index out of the SOX, BTK, XBD, and a few others this week. and It's an important group. So it's got a little tailwind, but we'll want to see if it gets snuffed back out. I'd argue that when the BKX had the massive collapse back on January 29th, that was the signal that you could go and short the loved stocks like EMLX, BRCD, QLGC, CSCO,IBM etc. thecapitalmarkets.com. the BKX collapsed through it's 21,50 and 200 dma all the same day. And if you look EMLX that was the time to start shorting it, look at the serious erosion that has occurred in so many favorite names after the BKX gave the "All Clear To Short Signal" John

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