Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 683.03

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Dec 9 4:00 PM EST

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To: GROUND ZERO™ who wrote (52488)	7/5/2013 5:40:04 PM
From: John Pitera	Read Replies (1) of 219801

Hi my good friend... an excellent chart... We were living in a technologically primative era back in 1999.... it was like the stones ages compared to today... This time... we will have a much better quantatative mark to market on a daily basis... risk points allocated to limymit exposure to % of Equity on each asset class and the entire financial system changed from the dawn of WWW in circa 1995.... I remember when I was working with David Mizon at Citi in Sydney in 1986 and 1987.....he was 10 or 12 years older than me.... he was running the securitization department we would go out to the pub at lunch... and he was really intrigued with what I was doing with Live time Charting since I was the one who introduced it into the Australia Dealing room at Citi..... ( my parents were both very high end Information technology professionals.... Dad started off as an electrical engineer at Grumman.... right out of college they were the biggest employer on Long Island back in the early and mid 60's.... They were building their own computers instead of buying IBM mainframes..... and Dad and many others at Gruman worked on development and construction of the Apollo 11 lunar module.... but he picked up and MBA and Knew that the space program and the war in Vietnam were winding down..... so he was blessed enough to go to a stable company.... standard oil of New Jersey... which was in the process of rebranding to ESSO...... and then EXXON..... My point is that I was blessed to have parents that valued education and I was not by nature a real tech geek... but I was able to have them get the very first IBM PC and Dow Jones very first software package that was junk... but we were usiing the internet from Sydney Australia to access Dow Jones Prices data on stocks Indexes... options etc in 1984.... and that was using a 300 baud modem!!!!...... we were spending $1200 a month on the two data sevices.... anyway I got better software as it developed and the futures guys were typically way ahead of the banking guys in charting as it was called back then.... So as you can see I have lived through as have all of us older folks the Information evolution and the financial markets ability to engineer and sell products and services unimaginable 30 40 and 50 years ago. My very best regards, to a very good friend who has seen so much of the market evolution.... John

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