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

To: Chip McVickar who wrote (613)	3/29/2000 11:23:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

The NASD has support that is approaching at the 50 dma as well as the prior low, as seen on this chart geocities.com I can easily see another bad one or two days for the NASD, However it's not necessary. But the uglier it looks the better the buys are unless we take out the 4190 support area on the NASD.

To: Chip McVickar who wrote (613)	3/30/2000 4:49:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 33421

Chip, Thanks... actually, the improving a/d did not factor into my thinking here... these markets are not over sold... the a/d has been improving and I take that as a minor negative here..... I don't follow what you're saying here: on the SPX chart there is a fork off the Oct 99 low that co-joins the July-Dec trend line exactly for today and tomorrow. What July-Dec trend line? I don't see it... All our chart work is nice, but the markets are down big time early this morning.....<g> GZ