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

To: JDinBaltimore who wrote (396)	3/10/2000 6:20:00 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 33421

John, This is the 10pt P&F SPX chart. I think that 1350 is possible if we pull back, but I think that 1360 is probably a better low target. The SPX has broken through the bearish resistance line, which is bullish and I would expect the higher lows to continue. Not sure if OJ would agree with me or not. But I think that options expiration will mitigate the downside potential, at least for next week. 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 X 1410 1400-----X O --* ------------X O X O \| O X ----O 2 O --------X O X ------------1400- 1390 X O * X O \| O X O X O X O X 1390 1380 7 O X * B \| O O X O X O X 1380 1370 X O X O * X \| O X O X 3 O X 1370 1360 X O X O X * X \| O O X O X X O X 1360 1350-X --X O X O X O ----* --X -- \| -- ----O X O X O X O * ------------1350- 1340 X O X O X O 9 O * X \| * O O X O X * 1340 1330 X O X O X O X O X X X \| * O O * 1330 1320 X O X 8 X O X O X O X O X \| * * 1320 1310 X O O X O O X O X O X \| * 1310 1300-X ----O X ----O --O A O X ------\| --* ------------------------------------1300- 1290 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

To: JDinBaltimore who wrote (396)	3/10/2000 6:50:00 PM
From: Jerry Olson	Respond to of 33421

LOL hiya John..well i am about to head out to din-din with the wifey and son #1... yeah i did re look<G>...looks ok to me??? on the 15 box chart of the SPX if we print 1425 that will be a buy signal, and the start of a bullish triangle??? we did not even move much today..and i do see 1410 is a double top... soooooo????? we'll see....i think we're going higher.. and if we do break to the downside..it will be limited... this markets going up...the bullish support line held nicely... but heck anything can and usually will happen.. regards...and ta ta...it's vineo nite<G>...