John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Augustus Gloop who wrote (14125)

6/5/2013 4:18:26 PM

From: John Pitera

Read Replies (1) of 33421

I am 3 stokes over par and need a birdie at bare minimum and more likely an eagle to make the cut..... It's a competitive field

Mike,

The Post to Fintas is from GZ's thread... and my post on TJ's thread from May 29th.......

well the key takeaway is that the Bullish Psychology would climax on Sunday, the day prior to Memorial Day...and thus the Long Exposure needed to be pruned back..... The shorts and Put option strategies needed to be set up with the VIX at very low levels...
and the repositioning done the week before Memorial Day weekend. That played a minor role on my trips to Chicago..

I am happy to report that I was already in the back seat of a silver Town car.. with the window open heading to O'Hare... at 10:40 AM Friday morning.... I beat the Memorial Day rush and was at the gate for my 12:20 PM direct flight to Houston.... with 50 minutes to spare.....

aahhh.... it's the little things we have to be thankful for!!!!..........

your Long, Long Time friend...

John Jacob Pitera.....

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To: John Pitera who wrote ( 51279)

6/5/2013 1:23:18 PM

From: John Pitera

of 51352

Hi Fintas... AS I stated here on Sunday in May..... the peak in mass mood Euphoria and concomitant turning point was Sunday May 26th....... we had the applying pressure of 2 other cycles on Thursdays May 23rd..... as well as a very significant full moon occurring the next night and the Mars Venus Jupiter conjunction... It was a significant time turning point.

So Far..... the optimism peaked the Thursday -Friday prior to Memorial Day weekend. as I stated to TJ..... and I was all jagged out from my bitch of a trip to Chicago.......but we got our extreme in bullish psychology just prior to Memorial Day weekend.

John

As I have pointed out Art Cashin...... knows more about the financial markets than just about an one walking on the face of the earth.......
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To: TobagoJack who wrote ( 100832)	5/29/2013 11:40:06 AM
From: John Pitera	Read Replies (1) of 100915

the Hi TJ, *The JGB's the Japanese government notes have gone from 0.60% in yield to 0 .86% in yield in 3 days..... that would be like us rates going from 6 % to 9% in 3 days.... negative...* We made a new post secular bottom....new high in the $tnx..going fro, 2.91 to over 2.1 % in those same days. *The most accurate cycle work I have seen shows at peak in mass mood on Sunday May 26th*..... and Equity markets should make; a top on JUNE 7th (that is the Bradley date... but the Bradley is simply a blended average of models......

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