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

To: Chip McVickar who wrote (583)	3/25/2000 8:12:00 PM
From: GROUND ZERO™	Respond to of 33421

Hmmmm... corn bread, yummie... I think my line went from the September '98 low, it cut off a bit of the October '98 low which was not quite a low as the September low was... then drawn to the October '99 low, it comes right to Friday's high as I drew it... anyway, it's close enough to make the point, we could be at some resistance now... we'll see..... I'm short several 1550 calls into Friday's close..... GZ

To: Chip McVickar who wrote (583)	3/27/2000 8:23:00 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

SPX Daily CHART Has Strongest ROC Readings Since the 1980's... The ROC "Rate of Change" Oscillators show the percentage change in closing price for the different selected intervals. The Below chart, going back on the Daily S & P 500 Chart to 1985, focuses on the 5 period and 12 period changes. geocities.com As you can see we have just recently been experiencing a powerful rally in the SPX. Further Upside and often quite a bit Normally occurs after these types of overbought levels. Obviously a short-term correction is possible and in fact very likely, to work off this overbought condition. as a side note: the 10 day ROC Osc. had a higher reading of 12.40 on 10-22-98, but this is the second strongest Momentum reading of the 1990's , in terms of the 10 day ROC. The 10 Day reached a very overbought reading of 8.83 on 2-12-91, which helped to signal the end of the Guld War Bear Market and Recession. On 3-22-00 we reached a 9.80 reading on the 10 Day ROC JOhn