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


To: Chip McVickar who wrote (1764)5/24/2000 10:34:00 PM
From: robert b furman  Read Replies (1) | Respond to of 33421
 
Put /call ratio having three spike in recent time period suggests a latent source of purchasing power if volume on turnaround can create a squeeze hard enough to be selfulfilling.Then add all the scared buy the dippers sitting on the sidelines.

I wouldn't call it a stretch at all. It 's quite possible.I think key to the reality is a confirmation day occurring between next wednesday and friday(a 1% up day on volume above the previous day and over the recent average- not too hrd to do).

Bob

In otherwords the institutions need to come to the party.



To: Chip McVickar who wrote (1764)5/25/2000 7:31:00 AM
From: GROUND ZERO™  Read Replies (3) | Respond to of 33421
 
Good morning Chip,

No, I don't think it's a stretch at all, those rules are not fixed in granite...<g> to me, it's a very large bull pennant of sorts since most all of the requisites are present... I think these markets may be moving much higher than most immediately expect..... I'm willing to submit here that the bear market has ended... at least, for a while.....<g>

GZ