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

To: John Pitera who wrote (4723)	9/27/2001 3:42:39 PM
From: Terry Whitman	Read Replies (2) \| Respond to of 33421

Interesting points that not many have spoken. Today could well have been the successful re-test of friday's lows. I remain skeptical however, as the Utilities are not participating, and the 10 yr. note rate is hitting fresh lows today. finance.yahoo.com^TNX&d=t Perhaps the rally is, as you suggest, simply bullish Yom Kippur buyers. Could also be shorts covering as the previous lows approached. End of Month/First of Month period is generally bullish, but that didn't materialize last month. I did put on my horns and bought a little NEM preferred today. <g> That NAT dividend looks mighty tasty. Take a look at the chart on it if you have time, and give us a technical read. Still looks a bit risky to me. TW ed- I just checked the Utilities, and they actually ARE participating, it's just that they remain in the red. TICK has hit +1000 twice today. Maybe it's for real..

To: John Pitera who wrote (4723)	11/14/2001 10:27:16 PM
From: karma	Read Replies (1) \| Respond to of 33421

I'm thinking that we're making a "W" bottom on the NASD at the moment. both the NASD and SPX went back to the neighborhood of their Oct 1998 lows and The SPX has been holding up nicely since, it's low of last Friday. The Banks and Brokerage Indexes (BKX and XBD) have been holding up extremely well and trading very "dry"...just a total lack of sellers it seems. why would some of the Momentum stocks make new lows, even though the market had apparently bottomed?