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

To: Dan Duchardt who wrote (697)	4/2/2000 7:27:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 33421

Hi Dan I guess the old saying that misery loves company still holds true...<g> John designed this thread to be a laboratory, which includes open discussion... so, please feel welcome to add your market comments to this thread any time you like, I hope you feel at home here... the chart you linked is significant and very interesting since I clearly see a three point trend line beginning with the October lows of last year.. this is supportive of a possible resumption of the rally into this coming week... the only mystery on Friday was the DOW, everything else seems okay... so far.....<g> GZ

To: Dan Duchardt who wrote (697)	4/2/2000 7:27:00 PM
From: John Pitera	Read Replies (5) \| Respond to of 33421

Dan, The NDX is in stronger technical shape and may well be leading the broader NASD. geocities.com as very good observation on your part. John

To: Dan Duchardt who wrote (697)	4/3/2000 11:45:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

Dan, >>I don't see any of that "M" structure Chip has been talking about for the Nasdaq composite<< The "M" pattern is without question the most dominant feature on the Nasdaq daily chart. It cannot be ignored and its existence remains an important element of the chart. It suggests a market top and that a downward trend has begun. A close below 4455.10 will cement the pattern until the high of (4) 5078.86 is taken out with a close. siliconinvestor.com Although not a bear market.....(not yet), you can see from the weekly chart something is going on and may develope into a more serious condition. Chip