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

To: John Pitera who wrote (5086)	11/16/2001 11:42:14 AM
From: Terry Whitman	Read Replies (2) \| Respond to of 33421

That Price by Volume is a nice feature. Thanks for the education there. I need all the help I can get. <g> Only trouble with it is you don't know whether it was net selling or buying that occurred in the price bar area. I suppose it doesn't really matter, since you're trying to spot a 'congestion area' of support and resistance. Good to see you back on the 'Bond Trail' with your web site there. I thought you may have abandonded the web site since I hadn't seen anything new on there for a while. It looks different. I'll bookmark that for future updates. Looks like a magnet area there on the 10 yr.rate at 4.9%- I bet it heads that direction. Big question is whether it reverses below that area or breaks on thru. If that is a true double bottom, I suppose it will break thru eventually.. THC? We're gonna have to report you to Nancy Reagan if you keep posting that one. Just say No! <gg> TW

To: John Pitera who wrote (5086)	11/16/2001 11:50:17 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 33421

I'll tell what kind of surprising to me is that CSCO has yet to "roll over". It has penetrated its 200dayMA, and still seems to be making relatively minor new highs on a daily basis. stockcharts.com[m,a]daclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9] But it would appear it should come back and test the lower arm of the bollinger band range around $16 (50dayMA), but I'm just not seeing the catalyst for what will cause that(other than profit taking and overvaluation). However, as you mentioned about JNPR, it has yet to move to its 200dayMA, but seems to be preparing to make such a move. stockcharts.com[m,a]daclyymy[pb50!b200!d20,2][vc60][iUb14!La12,26,9] So what I'm wondering is whether there's an arbitrage play that can be made here, selling CSCO short, and going long JNPR? Or will CSCO's ascent continue in sympathy as JNPR makes its move? Hawk