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

To: John Madarasz who wrote (3856)	5/16/2001 5:23:13 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

thanks John, as I was saying that tick reading over 1200 today is something both rare and quite bullish, especially on a Day that does not have an unplanned Fed Rate cut. the SPX broke above it's 1275 resistance, the DJIA above 11000, the SPX received support from it's 50 dma ma yesterday and today and that helped it move higher. The NASD and NDX both went back above their 21 dma. so many constructive developments today. The trin closed at .34 today which is also exceptionally bullish, it means that a great majority of the volume went into the stocks trading up on the day. the NYSE had a 2 to 1 A/D ratio today and news highs expanded to 206, new lows only 17. Nasd had 250 new highs although the A/D was more like 1.6 John