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

To: Defrocked who wrote (1097)	4/16/2000 9:47:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 33421

The question though is, are they following are leading???

To: Defrocked who wrote (1097)	4/16/2000 10:05:00 PM
From: John Pitera	Respond to of 33421

Hi Def, good to have you checking in, Yes, i have seen the overseas weakness. You should see Favors and Eliades weekend comments, they are talking a pretty good Bear Game. But we do need for the Dow to take out 9600 and change. 8 bulls and no bears on Ruykeyser's show for what the past 8-10 weeks or so. We have unwound our record 4 standard above the 200 dma on the Nasd chart, but you know there are good reasons to be very-open minded in here. We had a 93-4% correlation between the NASD and the Nikkei Market in 1989. The first inverted yield curve since 1989 in the US.... ala the last recession. Message 12740295 (for a picture of what that looks like) It was telling that Marty Zweig, who I have tremendous respect for was on Wall Street Week about 6 weeks ago, and Lou asked him, well we don't want to fight the FED do we. And Zweig actually said that the New economy stocks just don't appear to be effected by higher rates, since they did not utilize the debt markets. Anyway, we have the NASD already down 34% so the whitemeat, may be mostly gone. I suspect that you have been busy Playing Teddy KGB, this past couple of weeks...., you've been making strong moves, with those endless string of boats. er I mean those low vollie puts that grew up to be big Vollie Oaks. -vbg- John

To: Defrocked who wrote (1097)	4/16/2000 10:25:00 PM
From: Chip McVickar	Respond to of 33421

The Plunge Protection Team have sharpened their pencils for tomorrows trading and will be waiting to write new orders. The weekend is filled with hopeful comments about hanging on to your favorite blue chips and how great the economy has been..! Look for a strong rally in the futures by late morning if the weakness is powerful. If the PPT fails this week to construct orderly markets...., look for a new International financial melt-down and then a scramble to preserve the international monetary system and its' currency balances. If the PPT fails...., These crisp newly minted $20.00 bills will quickly wrinkle... and make Jackson look more and more like a tuff old cooked goose about to turn moldy. Chip