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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Terry Whitman who wrote (5963)	4/15/2002 3:54:09 PM
From: John Pitera	Read Replies (1) of 33421

Hi terry, Excellent question. I've been talking about this with a few people this weekend. This current trend of big cap underperformance relative to small Cap stocks does not show signs of being finished. Although we should be in the 7th inning. (that's my guess) The RUT has been making new 6 months highs and is up to the resistance levels we saw at last May and June's price highs. stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G you'll notice that we are also seeing a momentum sell divergence in the RUT the past several weeks. So we should be seeing a pullback. The S&P 600 has also been showing relative outperformance. The Broader based NYSE, has come back down to it's 200 dma today. It's been showing greater relative strength than the S&P 500. The NASD is even further below it's 200 dma. John

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