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


To: Jack of All Trades who wrote (1114)4/17/2000 5:03:00 PM
From: John Pitera  Read Replies (3) | Respond to of 33421
 
Jeff, in a liquidation bear Market like 1973-74

Money leaves stocks. It does not rotate around and stay
in Utilities or food stocks, consumer nondurables etc.

It goes to other assets classes.

We bounced off of the 200 DMA on the DJUA today and
now the SPX, NASD and the DJUA are back above their
200 DMA's.

This is a very favorable development. We'll be hearing
talk about this very steep correction being over.

John