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

To: GROUND ZERO™ who wrote (575)	3/25/2000 1:33:00 PM
From: Lee Lichterman III	Read Replies (1) \| Respond to of 33421

Well I would agree with yourprediction for Monday's open but I am running the charts now and I am confused as heck. I was calling for a short term pullback then another leg up starting Thursday but now as I run through my stuff, I am finding my short list large and my long list empty. I se a few prospective longs but they are all in the wait category as it appears too early to jump in. My problem is some of my indicators are saying to sell short and hold short yet my index stuff has not met my upside targets yet. I had SPX 1580 as the top on this run and we fell short 30 points so I am expecting more up first. My DOW stuff is more bearish than my NASDAQ stuff so maybe the techs can carry things a while. The biggest problem I see is the Dollar and Bond action. With the dollar falling and the Bonds and notes weakening the money has to go somewhere and the obvious answer is to stocks and SPOOs. Therefore the indexes should head north and invalidate my large short list of stocks. Things are not weighing out evenly here and I have to find what I am missing in this big picture. FWIW my longer term stuff is saying we top around mid to late April. Good Luck, Lee