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

To: John Pitera who wrote (1542)	5/9/2000 1:46:00 PM
From: Chip McVickar	Read Replies (2) \| Respond to of 33421

Okay John, So there is nothing in here that would suggest the International Currency balances are setting up to stem the rise of the dollar. Read some where that deflationary prospects are still very much alive.....! That this pop in inflationary pressure is temporary, localized to the USA markets, and that most of the world is actually struggling to pay it's bills. It was interesting article that made sense to me. I've never felt inflation was very important anywhere..., except localized parts of the USA. Like Boston and Silicone Valley. The whole prospect is over done, but Greenspan is correct in bringing rates back to 6%....! Chip

To: John Pitera who wrote (1542)	5/11/2000 9:23:00 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 33421

John and Thread, This post of mine on April 19th should be looked at in conjunction with this new post. Message 13462767 This new work-up shows a significant change and suggests that a Bear Market is close to being in place, if not already in place. Combined with the "M" patterns on all major Index charts, these markets are near capitulation. The markets would have to rally up to above the "V" portion of this formation to suggest the bear trend has been broken. Furthermore, the DOW Weekly chart has a classic "M" formation. Monthly 25/40sma: TRAN lower - all others higher Weekly: 25sma - on open DOW - 10894 -10367 NAS - 4114 -3384 NYA - 628 even RUT - 516 -474 SPX - 1427 -1383 OEX - 771 -739 UTL - 295 +32 TRAN - 2734 +2863 TYX - 61.6 even Weekly: 40sma - on open DOW - 10805 -10367 NAS - 3651 -3384 NYA - 624 +628 RUT - 485 -474 SPX - 1383 even OEX - 739 even UTL - 299 +325 TRAN - 283 -2863 TYX - 61.5 even The MACD (12/26/9) determine bearish/bullish Indexes. Month: DOW - cros'd dw - falling NAS - cros'd up - peak/falling NYA - cros'd dw - falling RUT - cros'd up - peaked/falling SPX - cros'd dw - flat OEX - cros'd up - falling UTL - cros'd dw - bott/rising TRAN- cros'd dw - bott/rising TYX - cros'd up - flat Weekly: DOW - cros'd dw - flat NAS - cros'd dw - falling NYA - cros'd up - flat RUT - cros'd dw - falling SPX - cros'd dw - flalling OEX - cros'd dw - falling TRAN- cros'd up - rising UTIL- cros'd up - bott/rising TYX - cros'd dw - rising