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

To: Stoctrash who wrote (9289)	5/2/2008 11:26:23 PM
From: John Pitera	Respond to of 33421

monsieur de trash...... nice to be welcomed back. The glue bong used to be joked about on a few of the old threads back in 1999....... you know how it was then, it the stock was up 12 bucks on the day you bought 1000 shares, if it was up 20 bucks that morning you bought 2000 shares. Just the wildest of times....... people would joke about trading at their pc naked (wearing no clothes) and would also joke that some of the people must be smoking glue out of the glue bong..... which I'd suspect would really get you high, just prior to your brain exploding. I suspect that somebody will write a book about this place some time soon, there are just so many incredible stories, jokes and a vibrant time capsule. Just think the guy who was Anthony @ Pacific or whatever actually had paid off 2 FBI agents who where feeding him inside information on sham companies that the FBI was trying to bust, he in turn was shorting them, and then talking them down.... trash talking..... and after all in reality they were scam companies suckering investors. That story made page 1 of the WSJ when the FBI agents got busted and he managed to get out of the country and had bought a hotel in Lebanon on believe for 700,000 and who knows what other money he may have had. That right there is the making of a hollywood movie. heck just look at Robert Furman's posts back in Mid Feb of 2000 Message 12825159 all his posts in Feb of 2000 where like that. To: John Pitera who wrote (43) 2/9/2000 6:25:00 PM From: robert b furman Read Replies (1) of 9290 Hi John, Great charts!! I particularly like the RSI/MACD Divergences with the price of the NAZ. Then again the lower bollinger band being above the 200 day ma line ( like only once before ) is very much in my liking. I'm getting paranoid as I'm almost 100% in cash (first time since july of 97) and became very nervous about the blowoff top that occurred in my stocks. Since your charts not only agree with my market position and gut feel,needless to say I really like them. Hehehe Seriously they really look well done .Thank you for sharing them.Have you or do you intend to short the naz/spx/spoo. I have always expected a failed second top.Your note about an island reversal looks right on.Do you wait for a break down below the last gap up? I've never played an island reversal before. Thanks for any opinions. Bob