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


To: mattie who wrote (2770)9/5/2000 12:40:52 PM
From: GROUND ZERO™  Respond to of 33421
 
Yes, it could get ugly if we see any serious selling... but I would not be fooled by today's weakness, the NAZ has closed higher 14 of the last 16 trading days... the trend is still higher and I would be surprised if we didn't see a resumption of buying before this week is out... I was only looking for a 15 point pull back in the SP's and we've just about seen it this morning... I was short the SP's on Friday's close, but I covered this morning at 1510 when it got there...<g> I wouldn't press the short side.....IMHO

GZ