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

To: John Pitera who wrote (1048)4/14/2000 3:15:00 PM
From: Chip McVickar  Read Replies (1) | Respond to of 33421
 
Excellent Chart John,

Today the lower tine of a fork off 3/10 peak, is sitting right that Uptrend line.

All looks very powerful and posssible for a turn around.

Chip



To: John Pitera who wrote (1048)4/14/2000 3:30:00 PM
From: IndexTrader  Read Replies (1) | Respond to of 33421
 
Hi John,

Thanks for the chart. I believe 3382 is the .382 retracement off the 1987 crash low.

Susan

I just bought a QQQ at 80. There are some nice divergences on the 60 min charts.



To: John Pitera who wrote (1048)4/14/2000 7:08:00 PM
From: Topannuity  Read Replies (1) | Respond to of 33421
 
John- notice on your chart that last Tuesday's break filled a gap from ~Dec 15 and today's action filled a gap from early Dec. If the tank stops around here and begins to move up again, this could be seen as attempt to back fill chart gaps and not a reversal of the major trend.
Hersh


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