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


To: GROUND ZERO™ who wrote (356)3/8/2000 2:30:00 PM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
Hi GZ, it's good to be back, although I picked up a cold out in Reno. I had a monster of a time getting back due to weather problems in Phoenix and Las vegas.

Took me 15 hours to get back to Houston!!!!

I agree with you that we are still in that rising rate channel since the Oct 5th 1998 low in yield, hence it's a more bearish chart then the 30 year.

the 30 year has at least dropped out of it's rising trend channel.

John



To: GROUND ZERO™ who wrote (356)3/9/2000 7:20:00 AM
From: Chip McVickar  Read Replies (1) | Respond to of 33421
 
GZ,

Interesting fork on the SPX.

It's been my dominant trading pattern.
origin: 12/3
spread: 12/9 - 1/3 high

It has 5 pivots and almost perfect median line action for each move.
And at each peak there is a chart pattern signal of reversal and also some what true of the bottom pivots.

It cycles on about 17-18 days....and 8-9 days from peak to valley.

Chip

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