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

To: Chip McVickar who wrote (3386)	3/7/2001 1:56:31 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hahn has a chart with 10-20-30 week cycles all due this week, plus a 34 day due 12th. Check it out. so then is he expecting a sell-off immediately from here? I think Hitt sees more favorable psychology at the new moon on the 3/24.

To: Chip McVickar who wrote (3386)	3/7/2001 8:38:35 PM
From: John Madarasz	Respond to of 33421

Hahn has a chart with 10-20-30 week cycles all due this week, plus a 34 day due 12th. Check it out. Plus I have a nine week cycle low due this week, FWTW. There is also a 50 day cycle that projected a low around the 5th. It has been invalidated due to a new low set in that time frame and now projects to the 19th or so. The compx would need to break above the downtrending resistance (at 2500 ) by the 19th to make the most recent bottom a valid one... important support at 2150-2000. The 50 day cycle has been very good at predicting interim lows, back to june of 2000, but is usually followed by a re-test...and it's always been a higher low each time. Heinz is targeting the 14th, and feels that if no capitulation type event occurs by then, a better case will be for a stronger move up, sans major down draft, into early april. Then a strong down draft. He has been keenly aware...a pleasure to watch. Also, As of Feb 22, Pete Eliades has a nominal 10 week projection for the comp at 2022.60. If it reaches this target, he will reveal "something completely unprecidented in our experience"... but not until it does<g> I hope it makes it just so he gives it up<gg> FWIW I think it will. Good Trading, JM