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

To: Dan Duchardt who wrote (2175)	6/13/2000 7:15:00 PM
From: GROUND ZERO™	Respond to of 33421

Hi Dan, charts3.barchart.com Starting with the high made on or about March 27th, there is a four point trend line moving down (touching a total of four highs along the way)... you can see that eight market days ago the market gapped up over that major down trend line... yesterday and today the market completed filling that gap, and now the market should resume it's up trend... I do notice, as you pointed out, that the cash market did stop at that minor trend line, but that is only a minor trend line and I suspect the market now has the force to overrun that minor resistance... I don't see very much resistance overhead... I suspect we'll see new all time highs rather soon in many, if not all, of the major averages.....BWDIK GZ