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

To: Chip McVickar who wrote (1774)5/25/2000 12:04:00 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 33421
 
You're correct on all points, but as you say:

>>I'd like to see this pennant break higher.<smile><<

Me too.....<g> I think it will break higher and surprise most everyone... keep your other eye on the 30 year bond market, we're nearing a break out to the upside in that market... if that breaks out to the upside, then stocks will follow..... I think the best position right now is to be long both the stock and bond markets for a hefty summer rally.....

GZ



To: Chip McVickar who wrote (1774)5/25/2000 1:03:00 PM
From: Dan Duchardt  Read Replies (1) | Respond to of 33421
 
Chip,

Is that an up fork I see on the DJIA with the handle at Oct99 low, or even Oct88 low, bisecting the Jan00 high to Mar00 low? Lower tine nearly coincides with the lower rising edge of the diamond.

Dan


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