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

To: Jorj X Mckie who wrote (692)	3/31/2000 10:32:00 PM
From: Challo Jeregy	Respond to of 33421

Tom, did you see the DWA market summary for today? Could this foretell a change of the Hi/Lo to O's in the near future? Total Changes on the charts : 2817 Total Buys : 128 Total Sells : 601 Reversals to a column of Xs : 311 Reversals to a column of Os : 449 Total charts adding Xs: 668 Total charts adding Os: 2149 This was yesterday's #'s - Total Changes on the charts : 2377 Total Buys : 94 Total Sells : 452 Reversals to a column of Xs : 251 Reversals to a column of Os : 602 Total charts adding Xs: 534 Total charts adding Os: 1843

To: Jorj X Mckie who wrote (692)	4/1/2000 12:42:00 PM
From: LTK007	Respond to of 33421

<<If we go parabolic again, I will be looking to exit around 4950 on the Naz.>> agreed,but how can we avoid a parabolic,i am beginning to think what a TA person said recently,and that is that "traders have taken over the market,and their ability to run up and run down NASD has changed the game forever,volitility is with us,and we can't shake it" i wonder.Traders are presently going buy at 4450 area,and selling at 5000 area--back and forth, back and forth.If we shoot towards 5000 on a parabolic next week,i will go all cash at around 4900/5000.max aka max90

To: Jorj X Mckie who wrote (692)	4/1/2000 8:44:00 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

SPX chart update: The Daily Chart Looks pretty Bullish. The SPX is acting in exactly the manner I would expect after the High Momentum Readings we saw 10 days ago. geocities.com As I pointed out Monday morning in this post: Message 13286746 Obviously a short-term correction is possible and in fact very likely, to work off this overbought condition. It made sense to have corrected this past week to Work off the Big Overbought condition we had generated by Friday March 24th. The fear that has been generated by the big Decline in the NASD should help to rebuild the "wall of worry" that bull markets climb. We had a few major analysts calling for a 20% in the NASD, cautious comments by Abby Joseph Cohen and Al Goldman. And the winding down of one of the biggest Hedge Funds, Tiger Management. Often we see a Hedge Fund close or other similar events at a significant low. This slightly Longer SPX chart Looks OK as well geocities.com we continue to be above the GANN 1 * 1 line and we are getting support from the old all-time high in the SPX that occurred on Jan 3rd 2000 @ 1478. John