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


To: John Pitera who wrote (43)2/8/2000 11:31:00 PM
From: Jorj X Mckie  Read Replies (1) | Respond to of 33421
 
You mean that I shouldn't have ditched all of my shorts and put everything in high risk high flyers quite yet????



To: John Pitera who wrote (43)2/9/2000 6:25:00 PM
From: robert b furman  Read Replies (1) | Respond to of 33421
 
Hi John,

Great charts!! I particularly like the RSI/MACD Divergences with the price of the NAZ. Then again the lower bollinger band being above the 200 day ma line ( like only once before ) is very much in my liking.

I'm getting paranoid as I'm almost 100% in cash (first time since july of 97) and became very nervous about the blowoff top that occurred in my stocks.

Since your charts not only agree with my market position and gut feel,needless to say I really like them. Hehehe

Seriously they really look well done .Thank you for sharing them.Have you or do you intend to short the naz/spx/spoo.

I have always expected a failed second top.Your note about an island reversal looks right on.Do you wait for a break down below the last gap up? I've never played an island reversal before.

Thanks for any opinions.
Bob