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

To: Chip McVickar who wrote (2005)	6/5/2000 6:35:00 AM
From: GROUND ZERO™	Respond to of 33421

Good Morning Chip, The only negative here is that everyone is now expecting "the summer rally" and everyone is never right... I agree that the daily charts look a lot better than they did just a week ago, but all we did was rally from the lower boundry to the upper boundry in just a few days... bear market rallies are highly spirited, look bullish and euphoric, and people rush to buy, but the the rallies don't last all that long before the selling resumes... the DOW's recent trading ranges have had a series of lower highs and lower lows, this is suspect to me... I think the jury is still out... if this pull back is really only a brief one to fill those gaps, then I'll have to be bullish again, until then I'm still a bit suspicious..... GZ