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

To: Yorikke who wrote (5058)	11/15/2001 4:53:26 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

have you seen the explosion in interest rates the past few days....whoosshhh..... this is a huge bell ringing. notice how we have taken out the down trendline in yield that has been in place the past several months. There is a more important major trendline that's higher in yield on the 10 year notes, it's around 5.20 or so. host.wallstreetcity.com. host.wallstreetcity.com. this rally is on really borrowed time , we'll see at least a few week pullback in prices..... in the best case, or some real equity selling in the worse case. The equity averages may stagger upwards another few days to their 200 dma's, but time is running out for on this recent wave up from the 9-21-01 lows. I posted this yesterday afternoon..... here are the 200 dma levels for some of the averages NASD 200 dma is 1997 (Day Moving Average--Simple) SPX 200 dma is 1190, we were at 1150 yesterday so only 3.5% below the 200 dma. DJIA 200 dma is 10211 RUT (the Russell 2000) 200 dma is 468 and we were at 452 this morning.