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

To: John Pitera who wrote (3612)	3/29/2001 11:17:47 AM
From: Rich1	Read Replies (1) \| Respond to of 33421

Tell me about it I am tired of selling them when they break support but its better than holding them through new lows...cause new lows beget new lows...<g>

To: John Pitera who wrote (3612)	3/29/2001 11:24:42 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 33421

John: From DW the over the counter market is setting up over the NYSE type stocks once the bottom is in (who knows the level) but time wise I'll take hays within 10 more days if not already (his 4 to 20 days from the arms signal two weeks ago tomorrow). The market needs a catalyst one way or the other. If we have one down it should put the fear in to set a bottom (intermediate) and if we have one up it just means the rally will be much shorter lived. We can grind down for another week without a spark. As you pointed out many stocks have not bottomed yet. The best play is to be in the right sector and pick the right stocks for a 20 to 50% move and try the capture 70% of the move. Notice this is still not investing Good luck Tim