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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 (1721)	5/24/2000 12:20:00 PM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 33421

These markets fell from pretty lofty levels over the past five trading days... I think we're now sitting on very major support... if we break from here, these markets will collapse into a free fall... but, I think these levels will probably hold and we'll see a short covering rally soon enough... Monday afternoon we saw an interesting recovery of sorts... yesterday was a nice inside day closing lower... I take that as a bullish sign... if today is a narrow range bound day closing almost unchanged, then tomorrow we should see a decent rally that could last for a while... but, then again.....<g> GZ