John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Stoctrash who wrote (10830)	12/6/2008 12:10:51 AM
From: John Pitera	1 Recommendation Read Replies (1) of 33421

Hey I'm on record as saying that I was very bullish the day of the low....even though we did take out 775 on the SPX. Martin Armstrong's work; normal seasonality bullishness of the Nov to April period, coupled with more clarity on the new economic team, indicates we have room to rally. Last several days have had news of massive layoffs everywhere yet market doing OK with bad news. The crude forward curve is saying that prices will be rebounding.... 25 dollar oil a very dubious proposition. The currency markets are currently the most baffling from my perspective....... I'm looking to see new trends develop. And I will have comments on these. John

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