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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 (1769)	5/25/2000 7:57:00 AM
From: F Robert Simms	Respond to of 33421

I heard that the market usualy recovers 4 to 6 months BEFORE the last tightening. PS. I am not disagreeing. Just cautious. <gggg>

To: Jack of All Trades who wrote (1769)	5/25/2000 10:28:00 AM
From: GROUND ZERO™	Read Replies (3) \| Respond to of 33421

I don't mind being premature... I like being bullish in a bearish crowd...<g> In the face of all the bearish sentiment, I see a bullish pennant in the DOW averages beginning with the big up day around mid March... that suggests a move to around the 12,000 area for the DOW... the numbers that came out this morning were friendly and I think the economy is beginning to show some weakness as a result of Greenspan's rate hike policy... I suspect that there will be only one more smaller rate hike at the next FOMC gathering, if at all, and both the stock and bond the markets will resume their bull trend... just my two cents..... Take a look at the bull pennant that has formed over the past two months: tscn.com GZ