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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 671.93

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Nov 14 4:00 PM EST

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To: John Pitera who wrote (6053)	2/11/1999 9:28:00 AM
From: HairBall	Read Replies (1) of 99985

John Pitera: Peter E has some great observations on the the weak breath and technical nature of the market and he has important price parameters that will signal a major move out of this trading range 9053.26---below breakdown of range 9650--above breakout to 10K and more likely 10400- 11200 I use to watch Peter E. for years on KWHY in LA. Seems the "breakdown" target and the "breakout" target or no “brainers”. As the "breakdown" target is just below the first point of the currently resolved rising wedge, which needs to fall below 9063 to complete. And the "breakout" area would be slightly above the 9647 the latest top. (All numbers Dow Industrials Actual Data) As I do not have my program up with the theoretical numbers he may well be using them, which would account for a slightly higher and lower range. Hey Peter, if you are reading this thread...how about giving us a post!!! The same goes for you Jerry Favors. BWDIK Regards, LG

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