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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (10755)12/2/2008 1:17:43 AM
From: nspolar  Read Replies (2) of 33421
 
I am wired and glued to the screen John. Piddling with charts, poking around around here and there, you know the drill. Can't hardly stand to go to bed. Snooze a little, think a little, get up put wood in the stove and repeat. Then it is 5 AM and market opens here at 5:30.

Gonna be physically fatigued and mentally worn out by the time this is over. Work is bad enuff these days, but this added on top is a killa. Getting closer but not yet over.

Yes my read has steadily become more bearish as we have walked on down the slithery slope. Not less mind you, more. All the time trying to remain flexible and cognizant that a sudden or stealth reversal could occur.

But the waves keep saying otherwise and the trendlines keep confirming.

Doing a little more target postulating but too early to stick the neck out. The hardest part in times like these is always the last, where we are at now. We are w/o doubt in the final run to the end zone. But how many yards away it started from is not clear ... could be quite a few imho.

Later. Keep the good reads a coming. They help, and what you just posted is another clue in the direction we seem to be leaning.

Additionally as must be the case with other market technicians my read on where we are probably at within the longer term confines may be shifting. The consensus view is usually not the correct one, and I am beginning to think that is the case here. Plenty of time for that later.

TF
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