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

To: John Pitera who wrote (845)	4/8/2000 9:06:00 PM
From: rsie	Respond to of 33421

tried to put in the nasdaq into the website, but did not get anything..... am curious about what the index would show....thanks,rich

To: John Pitera who wrote (845)	4/9/2000 4:21:00 PM
From: Chip McVickar	Respond to of 33421

John, We've been looking at the corn chart, here is some new observations. The 3/17 fork median line I mentioned is sitting at 225 in the May contract and the market has been following that line for 5 days. This fork is looking down and is looking at 220 for next week. The move on Friday looks like some sort of a reversal, but is it strong enough to cause any follow through..? Two other forks are also settled here between 223-225. 11/08/99 and 2/11..., so this area has strong resistence, but the daily chart looks weak unless some fundamental news is just breaking. The monthly chart is very bullish "Weekly" chart looks bullish as well. futures.tradingcharts.com With that spike to 240-inside week-outside week-price reversal week and this strong area of 220-225 looks powerful.... But we may see 220 before the pull back is complete. What are the Fibs saying...? BTW, soya beans, wheat, oats all look very strong.... CRB Index, just closed an Island gap and reached the middle tine off 3/17 high. Chip