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

To: John Pitera who wrote (846)	4/6/2000 11:09:00 AM
From: John Pitera	Respond to of 33421

Here is an updated NASD chart. It shows how we found support in the NASD on tuesday in the area of the .618 pullback from the Oct 18th 1999 low and a .382 pullback from the entire price advance from the Oct 8th 1998 low and the 3-10-2000 high @ 5132.52 ( I mislabeled the high on the chart,using the number from 3-9-00) geocities.com

To: John Pitera who wrote (846)	4/6/2000 12:15:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

John, I printed a corn chart...the May contract. A delayed quote service says it was down to 228 There is a fork off the high in March using the spread that follows. The median line was at 230 for Mon 3rd and the market is following it down. There is a cross of median lines at 225 on 10th-11th 225 is a strong resistance/support line Now....another fork from 8 Nov high using the big spread [nov-mar] it's median line is also right on 225ñ for 10-11th. Every move since January has responded to this Nov 8 fork. This seems to indicate 225ñ is an excellent place to enter. I believe droughts in the US this year will make grains a good buy. Please remember I'm a novice. BTW, can you tell me how the corn contracts work...are they liquid, fast..., slow...? Chip