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


To: John Pitera who wrote (1014)4/14/2000 9:25:00 AM
From: Chip McVickar  Read Replies (3) | Respond to of 33421
 
I think it's going up.....Over done..!

Players will buy the news>>>>>>>>

For today...Next week..are the markets closed Monday...?



To: John Pitera who wrote (1014)4/14/2000 2:25:00 PM
From: Jorj X Mckie  Read Replies (2) | Respond to of 33421
 
Naz 50pt chart....the rising line of asterisks is the bullish support line.
don't forget to uncheck the fixed font if you respond

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 O 3700
3650 X O o 3650
3600 X o 3600
3550 X o 3550
3500---------------C --------------------------------------------o-------------3500-
3450 X o 3450
3400 X o 3400
3350 X * 3350
3300 | * Bot3300
3250-------------9 | 0 --------------------------------------* ----------------3250-
3200 9 X * 3200



To: John Pitera who wrote (1014)4/15/2000 8:10:00 AM
From: robert b furman  Read Replies (2) | Respond to of 33421
 
Hi John,
Well you nailed it.http://www.siliconinvestor.com/readmsg.aspx?msgid=13423020

As IBD instructs:

Use bear markets for researching your short list of future holdings.

Look for cup and handle price patterns - sure looks like a lot of "left side of the cups being formed"

WAIT for an up rally on a 10% increase in volume AND a confirmation day (ideally 4-7 days later - also requires increased volume - any confirmation past 11 days is suspect to be weak)

In short get back in when the institutions jump back in.

It may well be an interesting undertaking to solicit thread members for their one or two best stock ideas.

I would be intertested in your favorites in the now much more reasonable fiber optic sector.

Perhaps I should qualify my market opinion.On some stocks we've entered a bear market - yet others still hold a chance to simply be labeled as corrections. Those correcting stocks that will be tomorrow's (ok maybe it will take more than monday hehe) breakout leaders , are what all investors should have their crosshairs on now.

In confusion lies opportunity but we all need to have plan.

Bob

Stocks that show strength by not declining much' during times like now' are really still in the strong hands.