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

To: Frank Pembleton who wrote (6545)	7/7/2002 10:17:34 PM
From: Hawkmoon	Respond to of 33421

Guys (gals, too)... Do yourselves, and me, a favor.. Forget about Ray, put him on ignore, don't discuss him, and he'll go and take his crap elsewhere. JP might be regrettable less participatory on this thread, but I would like to continue to engage in the same spirited and insightful market analysis which originally drew me to this thread in the first place. I'll start off by hypothesizing that the USD is in place to put in a "hammer" on the weekly 'sticks, setting US markets up for a summer rally: quotes.ino.com This should set up the Nasdaq to test 1700 before facing resistance. bigcharts.marketwatch.com A successful penetration of that level could take the Nasdaq to 2,000, where it will likely fail later this fall in the midst of mutual fund tax loss realization. The question is whether we can see the potential for a nifty January effect or more downside. Any failure to penetrate 1700 or so will suggest more downside to come. And for that we'll have to watch the last remaining "general" of the Nasdaq and DOW, Microsoft: (quarterly chart) bigcharts.marketwatch.com Hawk