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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (27847)	4/13/2000 2:10:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 63513

Yes, and I quite simply don't see that happening...but then again, the market has shown a lot more weakness than I expected. Notice that if we go up and touch 3900, we will get a reversal into a column of Xs which will set a higher low (thank you very much) and possibly set up the trianngle formation that I have been talking about....either that or a consolidation point at these lower levels. Personally, I think that it will be the triangle because that will suck in more of the retail investors just in time to get shellacked by a downdraft to the next higher low. don't forget to uncheck "fixed font" if you respond to this message. 50pt NASD chart 5150 \| 5150 5100 \| X 5100 5050 \| X O X 5050 5000---------------+-----------------------X --X O ----X O --------------------5000- 4950 \| X O X O X O 4950 4900 \| X O X O X O 4900 4850 \| X O X O X O 4850 4800 \| X O X O X X O 4800 4750---------------+-----------------------X O --O X O X O --------------------4750- 4700 \| 3 O X O X O 4700 4650 \| X X O X O X O 4650 4600 \| X O X O X O X O X 4600 4550 \| X X O X O X O X O X O Med4550 4500---------------+---------------X O X O ------O --O --O X O ----------------4500- 4450 \| X X O X O X 4 X 4450 4400 \| X O X O X O O X O 4400 4350 \| X O X O X O X O 4350 4300 \| X X O O O X O 4300 4250---------------+-------X O X ----------------------------O X O ------------4250- 4200 \| X O X O X O 4200 4150 X X O X O X O 4150 4100 1 O X O X O X O 4100 4050 X O X X O X O X O 4050 4000---------------X O X O X O X ----------------------------O X O ------------4000- 3950 X O X O X O X O X O 3950 3900 X O X O X O 2 O X O 3900 3850 X O X O O X O X O 3850 3800 X O X O X O X O 3800 3750---------------X O ------O ------------------------------O X o-------------3750- 3700 X O X 3700 3650 X O 3650 3600 X 3600 3550 X 3550