Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: IndexTrader who wrote (654)	4/1/2000 10:24:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Susan, The A-B-C correction in the NASD would be a corrective wave, and I will not go so far as to call it a 4th wave at the moment. I do think we see a new high in the NASD, but will be on the lookout for signals that will negate this outlook. The health of the SPX chart and the big Momentum Surge in the SPX and DJIA Momentum Indicators Tell Me we have more upside in store. Here is my preferred Elliot wave count of the recent expanding triangle. This would be a 4th wave correction. geocities.com .....and would portend a new High in the DJIA. John