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

To: GROUND ZERO™ who wrote (2136)	6/13/2000 7:20:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

Morning GZ, I agree..., that flag should have resolved differently, and some of my signals went on sell monday. But I cannot discount some kind rally this week on the 8:30 news. I still favor the narrow trading range and whipsaws. Buyers are taking a siesta. Interesting read....check out the chart page also...! patterntrading.com

To: GROUND ZERO™ who wrote (2136)	6/13/2000 7:47:00 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

GZ, Market has been following the upper tine of a daily fork off 5/16 SPX exactly. In doing that it closed the gap that so many look for and seems almost self-fulfilling these days. If the bars are nothing more then an extension of traders psychology, I'd say they played out a hand and this is a base here at 1447. Run back up quickly to test 1480 where it will fail. 15 day pattern is ready for a change in about 3-4 days and the 40 day cycle on the 25 day sum is positive for a move. I like it up and then smacked quickly....! Chip