John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Yorikke who wrote (13977)	4/3/2013 1:53:41 AM
From: John Pitera	4 Recommendations Read Replies (2) of 33421

Hi Yorikke, my thoughts on TA extend to just about all actively traded markets... Your response sounds like its focusing on US equities.......... I spend about 4 times more hours a weekly looking a currencies and currency crossses, debt instruments and yield curves in 5 to 10 foreign markets.... as well as areas such as gold and silver and commodity markets such as corn..... where as you probably know prices have come down significantly. I truly consider the US equity market and equity markets overall to be a third of what is making the world go round...... The currency markets some times set you up with home run positioning trading like last November the newly elected PM mandated that the BOJ was going to let the currency depreciate and actively demanded it....... those are markets where they are just about giving money away if one is looking at the global geopolitical and economic developments. you dom't even need TA in some of these instances over time. The US Stock market has had super inflows due to QE1, 2, 3.......... and yet when you look at a list of leadership financial stocks including JPM, GS, stocks like GOOG, AAPL, which has already been cut in half..... I was on the phone 2 days ago with a long time stock cohort and I was commenting that the stocks in the financial sector and other key leaderships stocks actually look like they have should be shorted and thats with the SPX etc making these nominal new highs. If I get some time , tomorrow I will see about posting some charts......... I had dinner with a very close relative on Easter Sunday and he just said that Houston was crazy booming the since last summer....he said it was almost like the insane boom, we had in Houston in the very late 1970's oil mania. I am hearing some talk that really sounds like Feb 2000 or Q 4 of 2007. I want the trees to grow to the skies as I put money in private corporate ventures that did yield profits in the Great Financial Crisis of 2008 John

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