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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (26)	2/1/2000 7:51:00 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

The Daily Nasd chart has come back to it's 50 dma, and has so far made a higher low and a bullish harami cross that last occurred on Oct 16th. 2 days prior to the important Oct 18 1999 low. geocities.com the NASD has also given a stochastic buy. Normally I do not get real excited about stochastics buys but, the stochastics kind of fit the trading frenzy and volatility we have seen this past year. More important, it has been working and things that work, need have some attention paid, until A) everyone is talking about it and/or B) it stops working -vbg- The SPX and DJIA have also come back to there 200 dma's and have so far turned back to the upside. It has been a bull market obviously, and so far we have only seen what is best described as corrective activity of the bull trend. stocks like JDSU and GE have had bigger corrections (for them) lets see how we behave with the Fed Meetings, the next 2 days. John