Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jacob Snyder who wrote (5176)	12/1/2001 10:23:27 PM
From: Davy Crockett	Respond to of 33421

I have noticed that on many charts... & just not tech. Should be very interesting to see how the 21 dma & 200 dma resolves itself... Regards, Peter

To: Jacob Snyder who wrote (5176)	12/2/2001 12:25:18 AM
From: Hawkmoon	Respond to of 33421

Yeah... but that MACD looks to be turning negative. My bet is, and I'm probably going to be wrong, is that it retraces back down to the 50dayMA. And it will probably break it with a target of 480. stockcharts.com[w,a]daclyymy[d20000101,20011201][pb50!b200!b21!i!d20,2][vc60][iUb14!La12,26,9] Hawk

To: Jacob Snyder who wrote (5176)	12/4/2001 8:28:06 AM
From: John Pitera	Respond to of 33421

Hi Jacob, you make very , very valid points... when we get to these types of crossroads, it's often best to reduce our "Suppositions" of what we think the market should do and listen and watch how the market handles that selling that should be coming in here. Right now the XBD has broken back below it's 200 dma, but the NASD and SOX have so far held up well. the 10 year yield and yield curve have moved back lower more than they might have which is a net plus. The Fed really has helped out the equity market the past week. We had the big move in rates from 4.09 on the 10 year on 11-01-01 up to about 5.07 later in Nov, but the Fed has talked rates back down a bit, with the inference of more Fed Funds rate cutting. The BKX plunged below it's 21 dma yesterday, and it reflects the potential strife out of Argentina. stockcharts.com[h,a]daclyymy[dd][pb50!b200!b21!i][vc60][iUb14!La12,26,9] I have not had a chance to talk about Argentina hear the past 2 weeks, but we'll have to talk about it a bit this week. Speaking of the BKX...look how profoundly weak it was the 3 to 4 weeks prior to 9-11-01, It's an excellent leading indicator. John