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

To: John Pitera who wrote (3382)3/7/2001 10:42:15 AM
From: John Pitera  Respond to of 33421
 
SPX 1270-75 is a key short term resistance area, If we can even get there. It's the 200 period MA on the
30 minute bar chart, (1270), a regular downtrend line on the 30 minute bar chart, and a LR upper trendchannel
downtrend line on the 60 minute bar. That should cap any advance today, if we even see this much strength.

John



To: John Pitera who wrote (3382)3/7/2001 7:37:39 PM
From: Terry Whitman  Read Replies (2) | Respond to of 33421
 
I agree. Not too much to get bullish about until the SPX can break some resistance levels. There's the 2/27 high, and the longer term downtrend line at 1320 or so.

Looks like Abby rallied the troops and gapped things up this morning. What's the next trick wall st. has up it's sleeve? Rumors of a full pt. rate cut?

XAU is looking more and more like an up trend here-
quote.yahoo.com^XAU&d=1ym
Holding long there.


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