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Strategies & Market Trends : P&F Gatherings
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To: Jorj X Mckie who wrote (146)5/5/1999 1:40:00 PM
From: John Pitera  Read Replies (1) of 2909
 
what identified the 78-80 range as the top in bud was the % distance above the
200 dma, but that's not the be all and end all.

I understand how it would not show up on trendlines and P nF 'till
74. I closed out half of my bud put position on the weakness this morning. so I hope you are right about a bounce to 73....

the 200 dma is not far below 65 so the buyers will show up from 63.5 to 65

thanks for your thoughts jorj

John
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