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

To: GROUND ZERO™ who wrote (1706)5/23/2000 3:10:00 PM
From: wlheatmoon  Read Replies (1) | Respond to of 33421
 
thanks.....somebody is taking a dump on the spoos....this may be the move to take out those stop losses before we move up eh? ruthless market...



To: GROUND ZERO™ who wrote (1706)5/24/2000 11:09:00 AM
From: John Pitera  Read Replies (2) | Respond to of 33421
 
Hi GZ, I agree, you would think this market could be vulnerable to a short squeeze at some point.

The DJIA has made 4 higher highs on the daily chart since
since it's early march Low? could this be?

You wonder why they cannot get the DJIA down to a new low
with the fairly relentless selling of the tech stocks.

John


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