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

To: John Pitera who wrote (2603)	8/11/2000 11:32:01 AM
From: John Pitera	Respond to of 33421

take a look at the sell of in the Nikkei on the Monthly and weekly chart. I am looking for a bottom in the Nikkei and I feel it can move substantially higher in the coming year. as I've mention I have put money to work in SNE, NTT, NTDMY about 10 days ago. about 2 days after we hit 15600 on the nikkei and started to rally futures.tradingcharts.com the decline we have seen since april 10th is a .618 retracment of the advance from the Oct 1998 low @ 12690 and the April 2000 high @ 20750 as you can see on the monthly Nikkei chart . It has been through a protracted 10 year bear market, but fundamentally it appears we are coming out of the bear market. futures.tradingcharts.com (actually this chart does not go back far enough, I'll get a better one and hopefully post it this weekend) John