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

To: John Pitera who wrote (805)	4/5/2000 12:54:00 AM
From: mph	Read Replies (1) \| Respond to of 33421

We'd better throw those rational market makers some floating wings then, so that they will feel more secure as they ebb and flow<g> M

To: John Pitera who wrote (805)	4/5/2000 7:35:00 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 33421

John, Massive "W" formation on the Dow Utilities Index.... On both the weekly and daily charts. It's a reverse of the classic Nasdaq "M"..... The "W" is a serious bottom chart signal, suggesting a strong and powerful long-term move for the sector. It's another classic for these patterns. So here we have two powerful trend changes clearly defined on the charts. With the weekly pattern in place...It should last for months. Great opportunity. siliconinvestor.com This "W" meets all the requirements.... It's a beauty...! Pattern needs to show (3) being higher the (1) and (4) being higher then (2) And that is in place: (1) is November high (2) is December low (3) is January-February high (4) is March low This same pattern is also on the Weekly chart adding significant strength to the move. Look for sustained and long-term appreciation in this sector....with new highs. siliconinvestor.com