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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (15808)4/13/2014 4:21:46 AM
From: John Pitera1 Recommendation

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Hawkmoon

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The Japanese Market has turned to trash after have a decent 2013...on a % basis if has had 2 of the biggest declines at the end of the week and as this daily chart shows... w30e have made the 3rd new low in the past 3 months.... The fundamentals are lousy and my wizard who makes sense of the big picture is adamant that Japan has just jacked up their Value Added Tax .... maybe from 8% to 11%..... (have to fact check the exact rise) but he points out that it is going to kill their economy...... which has been manifesting most of the key
symptoms of rigor mortis already for the past....... way to many years.

Remember the Nikkei Dow was at 3000 in 1983 and then had a massive speculative climb that ended at 39990 on Dec 31 of 1989.

Our team was looking to short the EWJ and the Russian ETF.... on Friday..... but we're showing some restraint partly due to risk paramaters and also you go against the Market Gods to totally set your portfolio for a really big blow up...... even if it appears it's coming.

John

BTW with the $NIKK right shoulder failing again at the 40 Week MA....... that has been a leading indicator of the SPX reaching a major top and rolling over.



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