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

To: John Pitera who wrote (2523)7/6/2000 11:37:05 AM
From: John Pitera  Read Replies (1) | Respond to of 33421
 
the Daily NASD chart, we experienced a 50% retracement
of the March to May low and we are setting up for something.

geocities.com

JP



To: John Pitera who wrote (2523)7/6/2000 8:36:48 PM
From: Dan Duchardt  Respond to of 33421
 
John,

If you go back one more high to draw the recent upper trendline for the DJIA (originating April 12 instead of April 26) you will notice that all the recent highs terminate on that line, including the high of yesterday (July 5). I count at least 5 touches. That seems to me to be putting the lid on the DJIA near term.

Dan


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