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

To: John Pitera who wrote (130)2/25/2000 5:50:00 AM
From: GROUND ZERO™  Read Replies (2) | Respond to of 33421
 
You can see on that fork chart that in October of 1999, prices moved well below the median line and the subsequent rally never returned to the upper median line... that is weakness... prices should first just barely touch those median lines and then those median lines should repel prices very rapidly, that didn't happen... now, prices have more than challenged the lower median, it looks as if it will break that lower median after a weak rally attempt towards the central median..... those median lines should not be penetrated at all, the fact that prices moved lower and through them is negative overall.....

GZ



To: John Pitera who wrote (130)2/25/2000 10:15:00 AM
From: Chip McVickar  Read Replies (2) | Respond to of 33421
 
Thank You John, That is exactly the fork on a weekly basis.

Everything pointed out by all of us suggests that these next few days and weeks are important for the next few months and our view of the markets.

These are great charts of yours.

Chip


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