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: Terry Whitman who wrote (6059)	5/9/2002 6:54:52 AM
From: John Pitera	Read Replies (3) \| Respond to of 33421

Terry, Crude has already boomed back up to 28 bucks a barrel.... Day's like yesterday are normal to have over the course of a given cycle such as the past 5 years. In fact we should see them every few months. The next 2 to 3 days will tell us much more about the direction of the next 2 months. And as usual breadth, advance decline volumes, TICK, TRIN, leadership, the performance of key averages, the behavior of the bond market and the action in the currency market and the key commodity markets are the places to look for guidance. A real vigorous rally in the USD would be bullish for stocks. if the bond market holds these levels over the next week it would be bullish for stocks. A real decline in the 10 year note and or the USD would be bearish. June Crude is already back up to 28 bucks!! as you and I know a move up to 29 or 30 will be validating a breakout. thecapitalmarkets.com thecapitalmarkets.com