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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 (1789)	5/26/2000 7:40:00 AM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 33421

I think if you use the low from the previous month back in 1998, around 1050 or so and cut off that next month's lower cycle, we're still above the line... that's the problem with simple trend lines...<g> BTW, that section that I'm suggesting you cut off is very similar to the one month trading cycle we're in right now... the bottom line, yesterday's low must hold or all bets are off..... I'm expecting friendly numbers this morning... person income up about .4% and personal spending down about .4% so we'll see soon enough which way these markets want to move..... I think the bond market is expecting friendly figures, they rallied more than a full basis point yesterday... who knows.....<g> GZ