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

To: Chip McVickar who wrote (2690)	8/23/2000 9:37:01 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Thanks for the Bradley thoughts, we also have and andrews pitchfork on the sept NDX futures contract. geocities.com I think this shows us that if we don't sell off much in the next few days we have strength underlying the market.

To: Chip McVickar who wrote (2690)	8/23/2000 9:50:32 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Here is the daily spot euro chart. Note the momentum buy divergence on the green 14 day RSI overlay on the daily bar chart. geocities.com Also the MACD is giving momentum buy signals. Also note the potential of a rounding bottom, accompanied by widespread talks of impending new all time lows for the euro. If we do see US stockmarket weakness, maybe it will be due to some USDollar weakness which is also expressed by euro and other currency strength. John