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


To: Hawkmoon who wrote (5200)12/5/2001 4:41:39 PM
From: John Pitera  Respond to of 33421
 
Hawk, thanks for the heads up on Ed Handley. I'm going to try to check him out in half an hour. I was in transit
yesterday during his show.

It's important to remember that the first 3 to 4 days of the month are the most bullish and those days alone tend
to account for much of the stock market gains over a given year.

Nice A/D numbers today NYSE Adv/Dec 2126/1030... Nasdaq Adv/Dec 2376/1280.

I think today was a good example of how the asset allocation models can kick up the equity component when
the NASD and the RUT close above their 200 dma's,as both did yesterday.

the XBD broker index climbed back above it's 200 dma today

stockcharts.com[w,a]daclyymy[pb50!b200!b21][vc60][iUb14!La12,26,9]

and the SOX and NDX also closed above their 200 dma today

3 averages that are still not above their 200 dma are the BKX, SPX and DJIA, they are right beneath them.

John