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


To: IndexTrader who wrote (387)3/9/2000 11:02:00 PM
From: Chip McVickar  Respond to of 33421
 
Susan,

It's very easy to miss the reads in these recent swings.

There have been about seven single daily moves over 45 points since Jan 1. Most back to back.... Then you have the completed moves at around ñ 110 points and during this period we've seen six of these come and go with the seventh almost failing.... Only 8-9 days apart...

It's remarkable..!

Only the very best traders catch them all...
If you come across any tips let me know..! <<smile>>

Chip



To: IndexTrader who wrote (387)3/10/2000 7:39:00 AM
From: GROUND ZERO™  Read Replies (1) | Respond to of 33421
 
Good Morning Susan,

You're not alone in the expectation of lower levels... I also was ready to bet on it... but, Wednesday's chart pattern showed decent support at that level and suggested some kind of a rally... on Thursday we had that rally, and the rally may carry further than initially expected..... maybe to test the highs once again... a great trading market.....<g>

My Best...

GZ