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

To: GROUND ZERO™ who wrote (734)	4/3/2000 3:51:00 PM
From: steve susko	Read Replies (1) \| Respond to of 33421

should the Nasdaq obituary be sent to CNBC yet?

To: GROUND ZERO™ who wrote (734)	4/3/2000 4:05:00 PM
From: John Pitera	Read Replies (3) \| Respond to of 33421

Right the DJIA and the SPX are holding very well. and we have had a big-time correction in the NASD. stocks like arba and cmrc, Vert have basically come back to their 200 DMA. RNWK is below it's 200 DMA right after being upgraded to a 1 by SSB. First time RNWK is below it's 200 DMA since the summer of 1998. Maybe this MSFT news tonight will provide a catalyst for the mkt. to my amazement... this is remarkable strength... I suspect there are a lot of folks thinking that..... I know I am.