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

To: GROUND ZERO™ who wrote (338)	3/7/2000 2:45:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 33421

GZ, If we break through 1330 on the SPX I would expect it to go a lot further than 1300. However, the P&F indicators are starting to firm up. Message 13087713 Here is the 10pt SPX chart. The descending line of asterisks is the bearish resistance line. We broke through that which has bullish implications. I was buying the dip today. 1490 \| 1490 1480 \| * 1480 1470 X X * 1470 1460 X O X X O * 1460 1450-------------------------------------X O X O X O --* -------------------- 1450- 1440 X X 1 X O X O X * 1440 1430 * X O X O X O O X O * Med1430 1420 X * X C O X O X O X O * 1420 1410 X O * X O X O X O X O X O * X 1410 1400---------X O --* ------------X O X O \| O X ----O 2 O --------X o--------- 1400- 1390 X O * X O \| O X O X O X o 1390 1380 7 O X * B \| O O X O X o 1380 1370 X O X O * X \| O X O X 3 o 1370 1360 X O X O X * X \| O O X O X X 1360 1350-----X --X O X O X O ----* --X -- \| -- ----O X O X O X ---------- 1350- 1340 X O X O X O 9 O * X \| * O O X O X 1340 1330 X X O X O X O X O X X X \| * O O 1330 1320 X O X O X 8 X O X O X O X O X \| * 1320 1310 6 O X O O X O O X O X O X \| * 1310 1300-X O X ----O X ----O --O A O X ------\| --* ------------------------------ 1300- 1290 X O O X O X O X \| * 1290 1280 O X O X O X * 1280 1270 O O X O X * \| Bot1270 1260 O * O X * \| 1260 1250---------------------* * --O X * ----\| ---------------------------------- 1250- 1240 * O * \| 1240 1230 * * \| 1230 1220 * \| 1220 1210 * \| 1210 1200-----------* ------------------------\| ---------------------------------- 1200- 1190 * \| 1190 1180 * \| 1180 1170 * \| 1170 1160 * \| 1160 1150-* ----------------------------------\| ---------------------------------- 1150- 1140 \| 1140 1130 \| 1130 1120 \| 1120 1110 9 \| 0 1110 1100-----------------------------------9 \| 0 -------------------------------- 1100-