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

To: Kailash who wrote (187)	2/25/2000 4:50:00 PM
From: GROUND ZERO™	Respond to of 33421

>>GZ - what's your crystal gut say about the Nasdaq?<< Honestly, I think all these markets look terrible, the NAZ included..... to me, the sense of the tape gives the feeling of a bear market sell off... I think these markets are in some trouble, the technical damage is undeniable... I think that patience will pay off after all the dust finally settles... but, right now there is much too much noise about Greenspan and the forthcoming rate hikes, oil prices, the CRB Index, and so on... I think we can probably expect a few more hikes into the summer.... and I suspect that these markets will have plenty to worry about between now and then... maybe after this summer, when the rate hike business is out of the way, we could see a respectable and healthy market once again... also, this would give the visible technical damage the time it needs to heal itself..... anyhow, that's my two cents...<g> Have a great weekend..... My Best... GZ