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

To: John Pitera who wrote (3695)	4/5/2001 5:44:34 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Yesterday saw the Market Vane report only 18% bulls for the second time in one week. These are the lowest readings since May of 1984. The Consensus reports 16% bulls this week, up somewhat from 10% last week but still a very low amount of bulls -- these numbers just on their own suggest one should be looking for a bottom. NASD up volume was over 25 times greater than down volume today, and the A/d line was 3.32 . The NYSE up to down volume was 6.88 and the A/d numbers were over 3 to 1 today, this coupled with the very high 10 dma or Trin and the very high trin reading on Tuesday afternoon, increase the likelihood of this rally extending for a while.

To: John Pitera who wrote (3695)	4/6/2001 3:23:30 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 33421

John: I'm thinking with todays unemployment #'s. I'm surprised the forecast was for a little growth. Shows how the economists are sometimes behind the curve. We hear of the large company layoffs but the dots are not connected to what this means to the next level down. The FED should now be seeing it will need to do more in the near future (it may already be too late) since this can go to 5% pretty quickly on its way to 6% and job cost inflation will go down. On somewhat of a brigher note my brother-in-laws company has started to see a slight pickup from the last 5-6 months. Not meaningful and not a good sample. His company has cut 15 in the 1st quarter(more than 15%). Maybe we have a settlement with China and a rate cut next week to overcome some of the bad earnings about to come out.