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

To: John Pitera who wrote (2663)	8/17/2000 12:07:01 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

THE daily DJIA chart has broken out of a significant downtrend line geocities.com however we have seen the DJIA break out of a trendline several times before only to be hemmed into a new area of congestion, hence no real break outs. and until the NASD clears it's resistance, that I have mentioned this restrains the DJIA.

To: John Pitera who wrote (2663)	8/17/2000 1:04:04 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

The NASD Chart with the 5&21 day Exp MA is threatening to cross over to the upside geocities.com we are within a point of this happening, this is probably why the market is stalling here. the cross over system would allow for a very nice selloff back down at the moment or if we cross over I would expect to see some serious follow through in the next few days.