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

To: Chip McVickar who wrote (120)	2/24/2000 4:34:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 33421

>>Are you using the 25 day a/d to measure this time frame..?<< No... tscn.com But, if you look at the linked chart, and fork the range from the October lows to the December highs, then bisect that line from the August high, we're at a time frame for a turning point... also, the time gap on Monday cannot be ignored... we've seen an assault on the 10K level in the DOW and the market recovered pretty well off that low... we may collapse from here, but I'd have to suspect a rally is forthcoming... the 25 day cumulative a/d is pretty much oversold and that also argues for a rally soon enough... the internal resistance/support line I mentioned in an earlier post is also suggestive of a decent buying opportunity right in here... also, tomorrow's short covering and pension fund buying next week could spark a decent rally from this level now that traders and investors will try to buy against the 10K for the time being..... GZ