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


To: Jorj X Mckie who wrote (1848)5/31/2000 1:22:00 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
The Daily Nasd Chart... the NASD is back above the two year
trend line today

geocities.com

As you can see we had a momentum buy divergence when we
made this most recent low on the NASD.

geocities.com

a lower low in price, and a higher low on the Daily
MACD and RSI.

the Downward wedge is a bit more normal. We could
theoretically have a 3rd point, lower in price
but higher on our momentum oscillators

John