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

To: John Pitera who wrote (2994)	12/21/2000 8:47:37 PM
From: da_cheif™	Read Replies (3) \| Respond to of 33421

one thing for sure...on cnbc nobody but nobody is trusting any advance from here......

To: John Pitera who wrote (2994)	12/21/2000 11:27:58 PM
From: Lost to Voodoo	Read Replies (1) \| Respond to of 33421

You would have to pin me down on that one, wouldn't you? <gg> Well here's one reference (actually a little more numerically specific), though I don't know who the "cycle guy" he's talking about is: Message 14918492 I've also discussed it a bit with Tastes Like Chicken & in reviewing my stable of 50-100 well known tech charts it did seem that when issues got below 50% of their ATH's they often swooned rather dramatically and mostly haven't gotten back over since. Of course my little survey is subject to confirmation bias and as you point out it may just be a feature of the weak vs. the strong. I was just curious whether you had encountered the concept, having the familiarity with retracment theory that you do. And uh, since I seem to have landed here...grub.