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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Augustus Gloop who wrote (9075)	3/17/2008 3:18:17 PM
From: Augustus Gloop	Read Replies (2) of 33421

So now that we managed to avert a big down day here's what I'm thinking (unless the fed only does 50 beeps) at which point we break the Jan lows. Short term bounce to ????? DOW 12,350 - 12550 NYSE 8900 - 9050 NASDAQ - 2270-2320 SPX - 1330-1340. A cut larger than 75 beeps could take us higher than those numbers and bust some resistance lines but I think the rally would be fast and unsustainable. Folks are asking if this is the bottom and I just can't bring myself to buy that notion. I keep seeing dow 10600 and possibly 9600 This is going to be a fun week Thoughts?

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