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

To: GROUND ZERO™ who wrote (665)	3/31/2000 2:50:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 33421

GZ I DECLARE THE BOTTOM IN...AT 1494.00.... WE ARE BREAKING OUT RIGHT NOW.. I AM LONG AND LOVIN' IT... THE JUICEMAN....

To: GROUND ZERO™ who wrote (665)	3/31/2000 3:03:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

The nasd has had what appears to be a textbook A-B-C correction. We went a bit below the 4401 level yesterday, but we closed above it and above the 4450-55 support as well. we had several analysts calling for a 20% NASD correction, in the past few days. As well as more cautious words by AJ Cohen and Al Goldman. The cycles were calling for a down mkt into the 30th-31st which appears to have worked out. The news of a major hedge fund closing, even though they did not really own any tech stocks. And had apparently already sold most of the stocks they had other than key holdings such as U that would be maintained. The bonds are acting well. the SPX and DJIA look good on the daily charts. the DJIA has had a minimal pullback. The market broadened out in mid march and it sure looks like 4450 and 4401 will hold on the nasd today. IMO the misguided downgrade in the B2B stocks today by the Pru. has created a monumental buying opportunity in arba, cmrc, vert, itwo and clrs. John