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

To: GROUND ZERO™ who wrote (897)4/11/2000 1:36:00 PM
From: IndexTrader  Respond to of 33421
 
Hi GZ,

I agree with you about the Naz....
It looks like today was the retest. It was kinda boring and dull but that's ok. I see lots of positive divergences. All we need is a gap back up and we will have a nice island reversal.
Susan



To: GROUND ZERO™ who wrote (897)4/11/2000 3:14:00 PM
From: John Pitera  Read Replies (2) | Respond to of 33421
 
Hi GZ,
the SPX is really hovering around the 1500 level.

There are a number of high flying stocks that are working
at creating potential double bottoms but that is
anecdotal at best.

Boy, CSCO is at 70, with the 200 dma at 48 and a trailing
P/E of 184. It has a market cap of 461 billion to boot.

that stock is weakening a bit in the past 2 days.

GE is pretty unbelievable up here near it's all time high.

John


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