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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (16626)	2/27/2002 2:43:47 PM
From: Oral Roberts	Read Replies (1) \| Respond to of 23786

I'm just wondering the same thing. At what point is the selling over done and our wood to hard.

To: Jorj X Mckie who wrote (16626)	2/28/2002 11:44:34 AM
From: John Pitera	Read Replies (1) \| Respond to of 23786

The BKX is at the point where it should fail, if it's going to indicate more market weakness stockcharts.com[l,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G As Doppler would tell you the move since the early Feb low in price would be an A-B-C correction up to it's 827 high. So if the market's going to continue on the bear path, 838 on the BKX should not be taken out and we would be looking for a another 100 point decline down to 725. (alt. downside 62 points from 825-827) Now if this does not happen, wither by the BKX going higher or it starts to stabilize in this area, that will be more bullish. GE has yet to break down from that 35.50-36 area.