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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Dan Duchardt who wrote (5949)	4/12/2002 1:48:54 PM
From: John Pitera	Read Replies (2) of 33421

Hi Dan, good point you make. The TRIN was showing very heavy selling yesterday with the TRIN reading over 2 all afternoon and then trading all the way up to 3.00 and higher late yesterday. You make an excellent point that the traders should have tried to push the market lower as it was making a tentative break down yesterday. The technical set-up of the market is still bearish when looking at the daily NASD, the 30 minute DJIA chart etc. thecapitalmarkets.com I think the the DJIA and NASD 30 minute charts are both looking bearish on balance, as does the daily NASD. John

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