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

To: GROUND ZERO™ who wrote (2385)	6/23/2000 10:40:00 PM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 33421

P&F chart for the naz....The descending line of asterisks is the Bearish Resistance Line (BRL). By breaking through that line rather than being repelled by it, it indicates further strength. At this point, the pullback is still well within the realm of a healthy pullback. Looking at different resolutions, I would still be bullish until 3780 is taken out. Dow has strong support at 10300, below that...ugly. SPX looks like it wants to go to 1410. I am thinking one more down day and then up. 5100 X * 5100 5050 X O X * 5050 5000---X O ----X O * ----------------------------------------------------------5000- 4950 O X O X O * 4950 4900 O X O X O * 4900 4850-O X O ----X O ------* ------------------------------------------------ Top4850- 4800 O X O X X O * 4800 4750-O --O X O X O ----------* ------------------------------------------------4750- 4700 O X O X O * 4700 4650 O X O X O * 4650 4600 O X O X O X * 4600 4550 O X O X O X O * 4550 4500-----O --O --O X O ----------------* --------------------------------------4500- 4450 O X 4 X * 4450 4400 O O X O * 4400 4350 O X O * 4350 4300 O X O * 4300 4250-----------------O X O ----------------------* ----------------------------4250- 4200 O X O * 4200 4150 O X O * 4150 4100 O X O * 4100 4050 O X O * X 4050 4000-----------------O X O --------------------------------* --X O ------------4000- 3950 O X O X * X O 3950 3900 O X O 5 O X O 3900 3850 O X O X X O X X O 3850 3800 O X O X O X O X X O X 3800 3750-----------------O X O X O X --X O X O ----------------X O X --------------3750- 3700 O X O X O X O X O X O X X O Med3700 3650 O O X O X O X O X O X O X 3650 3600 O X O X O X O O X X O X 3600 3550 O X O X O O X O X O 6 3550 3500---------------------O X O X --------O X O X O --------X ------------------3500- 3450 O X O X O X O O X 3450 3400 O X O X O O X 3400 3350 O X O O X X X 3350 3300 * O X O X O X O X * 3300 3250-----------------* --O ----------------------O X O X O X --* --------------3250- 3200 * O O X O * 3200 3150 * O X * 3150 3100 * O X * 3100 3050 * O * 3050 3000-------* ----------------------------------------* ------------------------3000- 2950 * 2950 2900 * 2900 2850 * 2850