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Strategies & Market Trends : John Pitera's Market Laboratory

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To: nspolar who wrote (9702)	7/22/2008 3:48:08 PM
From: nspolar	Read Replies (1) of 33421

Those GG puts are gonna be worth ... well a pasal of gold. GG is going way down there. Financials continue to rally, but it is a traders or suckers rally. The bottom is close but not yet in there. This fall will likely see the hard bottom there. Then financials will really lift, and add significant influence to the major indices. In 2009 financials will likely be the best performing sector. The DOW pivot we have mentioned at the last low is a near longterm lock imo. Longterm being more than a year. This market is gonna rocket next year. No hard reason to be a believer or non believer here, just wait and observe the retest, which will hit full stride in latter September/October; and might even stretch on end to early next year. There is always a retest. The dollar is finally going up, that bull flag it has been working on for some few months is over. It ain't going up because the US economy is tanking. Am I favoring a path or what? The Ultimate Storm in full swing. Wreak havoc from one end of the spectrum to the other. Bulls, bears, inbetween, you name it. No one gets spared. Just a daily post today, not a part in the series.

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