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


To: GROUND ZERO™ who wrote (201)2/26/2000 8:40:00 AM
From: robert b furman  Read Replies (1) | Respond to of 33421
 
Hi Gz,

I agree.I think the introduction has already occurred in many stocks.I don't think it will become complete and bloody until the russell 2000 reflects a reversal.The money is still cascading down into the third tier stocks and lower.

siliconinvestor.com

Don't you expect some half- hearted rallies up to the 200 day ma line by the DJIA and SPX ? This in concert with a failed new high in the MOMO stocks of the naz and russell 2000 will be the perfect setup. I still think the perfect bull trap across all sectors will appear with great advance decline breadth and few new highs.

Upon this type of action the one true bear market feature we have seldom seen, will occur - No new leadership and no sector rotation. Undoubtedly a really ugly bear market that might be longer than many expect will evolve - afterall this top has been higher than most expected.

Notice how the Dow and S&P are slowly rolling over while the Naz and the Russell 2000 are benefiting from the flow of speculative MOMO money.JMHO

Bob

Bob