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

To: JDinBaltimore who wrote (409)	3/11/2000 2:05:00 PM
From: robert b furman	Respond to of 33421

Hi JD, I like your concept of a Cherry Bomb. It sounds like a day that started out weak closed on it low, after a strong day that closed on its high. A reversal day! Which,in this most recent case, had greater volume than the strong day ( in both the nyse and the naz ). Have you ever studied to see if the volume of the strong day was less than its previous days volume - then the following cherry day was more negatively productive?As in a strong price day but not substantiated by an increase in volume-similar to what a bull trap day would present? The markets are churning with distribution. I smell a bloodletting in the winds. Bob