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


To: John Pitera who wrote (3857)5/17/2001 3:05:37 PM
From: John Madarasz  Read Replies (1) | Respond to of 33421
 
John, many bullish signals indeed.

...4 weeks ago the OTC Hi-Low indicator (short term indicator) was at 13%.......now its at 76%. still playing offense (per the NYSE and OTC BP's being on buy signals) but instead of being first down and 90 yards to go... ......its 3rd down and only 25 yards to the goal line.......we're getting a bit closer to the goal line and we need to start handing the ball off to the tail back instead of passing to Randy Moss for the 75 yard TD pass play.<g>

still longer term bullish for sure, middle of the field, but I'm not sure it's the place to chase. Maybe buy strong supports instead on some of the stronger leaders.

Thanks for the insights.

Best,

John