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

To: Terry Whitman who wrote (4539)	8/30/2001 9:22:59 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Somebody just told me it feels like panic is really in the air now. If my indicators were all flashing that condition now, I could feel confident that a good low is very near. I would like, however, a CBOE equity ratio of 0.90 -- it went out at 0.73, not high enough. How about a Nasdaq "trin" above 4? It went out at 2.17. Likewise, the Nasdaq minus tick didn't exceed 1000. High levels of fear as the lower channel lines are hit by various indexes would be interesting but they just are not there. I myself have not seen any -1600 or -1800 TICK readings like in 1997 or 1998 we hit -2000 and lower in Oct of 1998 a few days at least and NASD Tick numbers are not gonna do it We are going to need to see it in the NYSE, the tick, the entire market, get em selling the foods, the banks, the energy EVERYTHING.............PLEASE TAKE THESE SWINE CERTIFICATES OFF MY HANDS AT ANY PRICE!!!!