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

To: GROUND ZERO™ who wrote (1985)	6/3/2000 9:26:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 33421

Hi GZ all my work says we will pullback to about 1448ish next week, maybe Tues thru Fri..then cycle highs the following week...16th to the 22nd... it's the first time my cycle guy Carpino has a cycle high during option exp week..and i'm gonna take big advantage of that<g>... things look solid GZ..test the lows??? not here... maybe later after the FOMC, sentiment has changed, and the sideline cash is looking for a home... those last 2 hikes or so haven't even begun to work yet... i doubt AG will move here at least for 1-2 months just to see whats up... as for the bonds??? hey that was some spectacular rally, we broke below 6%...we can retrace a bit here..not a big deal... i'm just not as ominous anymore about the markets...on every index we broke the downtrend line hard..and every major big cap stock has done the same thing... i like the look and feel of this market right here...will not say i won't short a blimp or 2<g>..but my bias is long for this time frame... we are backing and filling as we move higher thats all...consolidation at lower levels...it looks right to me.. best to you..OJ

To: GROUND ZERO™ who wrote (1985)	6/3/2000 10:33:00 AM
From: Gersh Avery	Respond to of 33421

Nice to see you thinkin' about it<G> Patrick told me he'd like to see those 500 point trades all the time .. so I posted a hypothetical trade for him on his thread .. sold 5 contracts near the open at 1483 with a limit buy to cover at 1325 .. that should do it. don sew has class 1 sells on just about everything .. except the VIX which is a class one buy. The dollar had a class 1 buy which got negated .. which tends to support a strong move down there. My "thing" had a upper boundry on the cash SPX of 1458 .. oops .. we still got two weeks to go in the time frame .. so there's plenty of time for the lower boundry to get expanded.

To: GROUND ZERO™ who wrote (1985)	6/4/2000 9:58:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

GZ, >>I get this gnawing feeling << Are you sure it isn't that dog of yours gnawing on a bone...? <smile> The markets had been oversold and waiting for "News." They sure got it...! I agree, I doubt the markets will be taking off like they did in February, but rather they will trade in a sideways channel defined pretty much by what we've seen. They are now seeking the next "News".....! But I still like the Upside this week on a small pull back and the market closed above the 5/10 median line...All signals are still higher on the daily charts, but weakening progressively on the 30 min charts on down...! And the "15 day facelift" is in place and working until the Thursday/Friday on the DJIA and the SPX. However...., Monday has a daily DJIA TP off 4/4/00 Tuesday DJIA has a TP off 10/18/1999 BTW....Grains and beans maybe moving on the long range weather forecasts that are expecting a drought this summer. Last week the jet stream moved north along the Canadian boarder, which is the perfect statistical set-up. Chip