SI
SI
discoversearch

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 ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stoctrash who wrote (11712)2/3/2009 7:54:23 PM
From: John Pitera  Read Replies (3) of 33421
 
Nenner Cycle Signals Entry Point-- Charles Nenner was interviewed on cnbc this morning, he's looking for a rally to unfold in about a week from now. He's talking about an SPX rally up to 1000 by mid march.... March 9th to middle of the month.

cnbc.com

we have had a 3rd higher low on the SPX since the 741 level on November 21st. Then a low of 804 on January 21st, and a tentative third higher low at 812.87. The USD is looking like it can outperform compared to the EUR and the GBP, the 10 year note has gone up in yield a fair bit this past month so I can see some confirming signals for a rally to unfold.

(I know I'm sounding more positive than when we talked on the phone last week, but I'm impressed with the rise in the 10 year note yield, SPX, so far holding above Jan 21st and the trashy looking EUR and a few other currencies).

John
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext