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

To: Jorj X Mckie who wrote (397)3/10/2000 8:11:00 PM
From: JDinBaltimore  Respond to of 33421
 
Hi Jorj,

First I must admit I know nothing about P&F, thats why we have Jerry -g-. I looked at the trend lines that show your numbers, roughly 1340 off the 99 low & 1355 from the 98 low. And that is absolutely correct, and I would agree if we were in an up trend. But to continue on comming off the 1/5 low to the 2/28 low puts the SPX at 1305 in a downtrend. If in fact 1360 was the bottom that would put overhead resistance at about 1394, coupled with the tremendous resistance at 1400 - 1405 area, psychologically this will not bode well with the markets.

Thanks for supplying that chart, I envy you P&F'ers one day I'm going to be able to read it.

Kindest Regards
John



To: Jorj X Mckie who wrote (397)3/13/2000 11:16:00 PM
From: John Pitera  Respond to of 33421
 
Here is the SPX daily chart with the retest of the 200 dma today.

geocities.com

the comments on the chart I made this weekend.

It did not take long to get all the way back to the 1364 level (200 DMA)


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