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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 (1874)	5/31/2000 12:36:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 33421

Was yesterday a one day bull market? I have a funny feeling that these market averages just rallied up to resistance and are about ready to resume their down trend... today's lack of follow through and very narrow range is a negative sign of things to come.....IMHO GZ

To: Jack of All Trades who wrote (1874)	5/31/2000 1:47:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

I understand there are 2 ways of viewing the closing of a gap... True gap which just needs to print past the lower opening and closing the Real Gap which would be the upper bar low. (something like that...ask Patrick Slevin) 19th Gap should be considered a closed True Gap..., but the Real Gap is not yet closed. At 1430 SPX there are 2 fork tines and a 50% retrace off the shoulder in April giving the upper move some trouble, but my target is 140-45 SPX. April issue of S&Commodities has an excellent article on trading the Tick,Tiki,Trin....! Chip