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

To: Jorj X Mckie who wrote (112)	2/24/2000 4:08:00 PM
From: Doppler	Read Replies (1) \| Respond to of 33421

Hi jorj- I see that and I think that will certainly be our next support. As I said in a post a minute ago to Chip, the long term trend line on a conventional chart is MUCH lower. I think the difference is probably that the PnF charts aren't on a log chart. I hope I'm wrong but I just have this gut feeling that common sense is a lost art in this environment. I wish I had saved various articles over the last year or so like the one John posted earlier, but from what I read NO market has EVER kept up gains like we have had. In fact dating back to the South Sea and Tulip bubbles, Japan, etc. EVERY logarithmic rise in history has ended badly. Lets hope not. Jeff