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


To: GROUND ZERO™ who wrote (350)3/7/2000 9:59:00 PM
From: robert b furman  Read Replies (1) | Respond to of 33421
 
There used to be a market timer named Mark Leibowitz, he would have called today a volume reversal day.

Higher high lower low and a close at the low - ALL on high volume.

Note to David Plonk isn't this a good set up for the Titanic indicator???

Bob



To: GROUND ZERO™ who wrote (350)3/8/2000 9:10:00 AM
From: Chip McVickar  Respond to of 33421
 
Morning GZ,

Yup, I got the Nas pattern.

But I miss read the High/Low Reversal of the past 2 days.
It's a repeat of the one in Feb. It was proceeded by 4 days of solid moves and right on a median line. However, the big earnings surprise of P&G was not shown in the charts. Probably did what 2 days would normally have accomplished.
siliconinvestor.com

Looking for a retest of 1373 today...?
I see some weak support at 1340, shoulder from back in Oct 99 and 2 lower tines.

Chip