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

To: GROUND ZERO™ who wrote (578)	3/26/2000 9:08:00 AM
From: robert b furman	Read Replies (1) \| Respond to of 33421

Hi GZ, Thanks for your kind words. I'm hoping for a stronger up.Amat and Ter both broke up nicely attempting new highs.Looks like Nvls,Cohu will be laggards. siliconinvestor.com These new highs will be an interesting possible short point.I suspect we'll get some choppy distribution with weaker attempts to old/new highs before we put in a good top here.This may be close. Volume in many stocks is getting weaker.This market needs fresh liquidity to revitalize itself. I think that as taxes are due,the opposite will occur - people will withdraw tax payment funds in the second week of April. In between, pre-announcements will continue to provide negative surprises up thru the 10th.Although this market has risen thru the pre-announcement period - many good companies are churning out excellent earnings. I can't see a real reason for a bad BK, other than the weight of the market's rich valuations.That buys time for further distribution. Your selling rich premiums for father time to deteriorate is an excellent plan to take advantage of unused purchasing power. siliconinvestor.com Bob