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

To: GROUND ZERO™ who wrote (392)	3/10/2000 5:58:00 PM
From: JDinBaltimore	Read Replies (2) \| Respond to of 33421

Hi GZ, You're post is extremely interesting to me in that, I am getting the same read off the candles. I pinned this candle configuration that I've been showing examples to Chip to on 60 min SPX chart. Usually you'll get 1 or 2 a week on the 60 min. But, even more rare is one on the daily chart. There not shooting stars or evening stars; so I call them "cherry bombs" I'm not claiming fame to them -gg-. just havent seen them referenced in any books. Anyway, one formed today, at support off the recent high, and closed below support. This, combined with the "Cherry Bomb" I think I may now have the opportunity I mentioned regarding shorting SPX on Monday. Could see 1300. Vix is low enough, would have liked the setup to have occured with vix at about 20-21, but I'll take it. What do you get from the SPX chart? Kind Regards John