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

To: Chip McVickar who wrote (1568)	5/11/2000 10:31:00 AM
From: John Pitera	Respond to of 33421

Chip, thanks for those numbers, what levels would cement the bear market thesis for You (I realize it would probably be a combination) you know the OEX is only was only down 13% from it's high yesterday?

To: Chip McVickar who wrote (1568)	6/28/2000 3:15:00 PM
From: Chip McVickar	Respond to of 33421

John and Thread The earlier posts should be looked at in conjunction with todays post. April 19th Message 13462767 May 11th Message 13681931 This new work-up shows a slight change and suggests that a Bear Market is not yet in place from the weekly charts, but not far off. It defines a correction.., not a Bear Market Trend. "M" patterns on all major Index charts have been challenged and failed. The markets would have to rally above the "v" portion of this formation to suggest the correction has been broken. INDU=10,862, OTC=4582, SPX=1480-85 The Nasdaq daily chart shows a classic "W" formation beginning 5/1/00 and a solid break above 4073.16 would set a new upward trend. Monthly 25/40sma: TRAN lower - all others higher Weekly: 25sma - on open DOW - lower -135 NAS - lower -136 NYA - above +12 RUT - lower -15 SPX - above +23 OEX - above +12 UTL - above +2 TRAN - even TYX - lower -1.78 Weekly: 40sma - on open DOW - lower -279 NAS - above +56 NYA - above +14 RUT - above +5 SPX - above +32 OEX - above +30 UTL - above +8 TRAN - lower -101 TYX - lower -2.37 The MACD (12/26/9) determine bearish/bullish Indexes. Month: distance from neutral DOW - cros'd dw - 1/00 -134.42 NAS - cros'd up - 11/98 +44.22 NYA - cros'd dw - 1/00 -00.92 RUT - cros'd up - 9/99 +04.56 SPX - cros'd dw - 4/00 -06.01 OEX - cros'd up - 1/98 +02.51 UTL - cros'd dw - 6/99 -00.72 TRAN- cros'd dw - 5/99 -44.67 TYX - cros'd up - 1/99 +00.24 Weekly: distance from neutral DOW - cros'd up - 4/00 -12.83 NAS - cros'd dw - 4/00 -47.79 NYA - cros'd up - 3/00 +00.63 RUT - cros'd dw - 4/00 -02.79 SPX - cros'd dw - 4/00 -02.79 OEX - cros'd dw - 4/00 -00.73 UTIL- cros'd up - 4/00 +00.80 TRAN- cros'd up - 3/00 +05.83 TYX - cros'd dw - 3/99 -00.03