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

To: fedhead who wrote (2247)	6/16/2000 10:18:00 PM
From: GROUND ZERO™	Read Replies (2) \| Respond to of 33421

You make a cogent point, but until the charts show me a reason to worry, we're going higher... at least the NAZ looks very strong... the DOW looks sick and the SP's look suspect... of these three major averages, I'd have to put my money on the NAZ right now.....BWDIK GZ

To: fedhead who wrote (2247)	6/17/2000 10:45:00 PM
From: Jay Rommel	Read Replies (2) \| Respond to of 33421

Good Point However, according to Michael Murphy, The DJX went down 266 points, its biggest loss since April mostly because the banks dragged it down because people are starting to worry about bad loans if the economy slows down too much. There were a couple of companies, Wachovia, which is a quality bank, and Union Bank of California, both warning that they were going to have earnings problems because of loan problems. People got scared and knocked it down on Friday. Myself, I can't wait for the FOMC then in July comes earnings .... I want to see if CSCO, SUNW, INTC or ORCL comes out with with warnings w/r/t earnings <g> The second half of this year is going to be awesome IMO. BTW, didn't all the "experts" say we were going to NAZ 2500 two months ago?