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

To: John Pitera who wrote (2743)	8/30/2000 5:06:59 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

We'll see if it was a good move..? 3 Times in the last 2 years to break 140.00, it may yet move above that resistance...? There's a cross of median lines around 132-135 and that was a juicy target for a top. (fork 6/2/99 and 3/2/00) After that double bottom at 100 and the run from 120, I decided take 50% and lock in profits. Will buy back on any significant retrace. The new fork (6/8/00) has a cross at 112 with the 3/2/00 fork and it's lower tine around 9/13/00. I'd be a buyer any where around there. That date is also around the time frame I expect the next leg up to begin in the DOW. But these markets look strong and IBM may just stay up there without much of a pull back..? We'll See. Chip

To: John Pitera who wrote (2743)	8/30/2000 5:32:14 PM
From: Chip McVickar	Respond to of 33421

British Pound and the US dollar index have reversal spikes and there bar patterns look good for atleast a 3 day reversal. They both opened and closed in the same bar area. Sure sign of a move..! After 3 days you'd have to take another look at the position, scalp or stay with it..! Short the dollar and Long the pound. Whatcha Think..? John.., what's your set up for commodities quotes..? Are you end of day..live..or delayed and who do you get your quotes from...? Time for me to start paying. Thanks, Chip