John Pitera's Market Laboratory Message Board

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: nspolar who wrote (10682)	11/23/2008 1:45:01 PM
From: nspolar	Read Replies (1) of 33421

"BKX may yet hit my outlandish low, somewhere around the mid 20's. Getting closer and on path. BKX is ready for a very minor 'ivth' of this last wave down me thinks. Then it will be to the bottom and ova." Price and time are two separate and distinct entities. I am soon going to do some more studying on the time aspects. I have some methods I use, but it involves a lot of gut and is not very repetitive. I think time is more important than many of us realize, w/r to TA and in particular w/r to wave type analysis. I believe proper use of the time aspect can and should improve our predictive work. Rather than bleat on I am going to allude to the possibility that financials will bottom first. I am looking to the first half of December for a bottom in that arena. They started the slide, it thus might be a bit proper they end it. It is quite likely the excessive selling we have seen in many areas is related to redemptions required, in particular in derivatives and financials. As such I do agree with some comments in the linked article. We are getting closer, and yes there is a price that is going to be paid. A debased dollar? A period of excessive saving for the US, to pay off debts? Watch the BKX and C, JPM and BAC. Don't know what will happen to C. BAC appears to me to be very near a bottom. JPM no, I think it has a bit to go. Reflation Is the Only Option seekingalpha.com I leave the readers with a chart. Just use common sense here and let it come to you. All this predictive stuff to the exact penny is not necessary. Make no doubt about it, there will be a healthy rise in UYG off the bottom. In fact UYG might be a better entity to trendline than the BKX. It follows a broader index. If I had a target on UYG that makes sense to me, it might be down near 2 dollars. Success in this business depends on consistent profits. TF img360.imageshack.us

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next