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

To: Jorj X Mckie who wrote (4199)	6/28/2001 3:07:17 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Tom, thanks for that.... As I mentioned to you earlier today, I thinking CIEN is going to warn, much like JNPR, there products are so popular with CIO's and managers who buy telco gear that earnings have held up later into the cycle. The NASD is up at the top end of it's linear regression channel of the past month (using 28 trading days and 30 minutes per bar, hence a pullback is very possible. The last day of the 2nd Quarter has been down 7 out of the last 10 years. Monday which will be the first trading day of July has been up 11 out of the past 12 years(1989 -2000) those two data points are from Yale Hirsch's Traders Almanac. John