John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: George Statham who wrote (15821)	4/17/2014 9:48:34 AM
From: John Pitera	5 Recommendations of 33421

The $TNX is going to break down below it's 2.58% low and that is going to drag the Global equity markets into a bear market..... the $ TNX has already given it's bearish death cross with the 50 DMA going below the 200 DMA on our last peak at 2.80%... and the descending daily triangle is the most reliable bearish pattern... we will see the $ TNX crack below it's 2.58% trendline and since US equities are so positively correlated with the 10 year yield we are destined to see bearish equity action in the US and also Globally. 20 to 30% correction coming straight at us at the least,,,, we have a reasonable good chance of having just put in a to like March 2000 and Q3 of 2007.... and then the carnage will be much much worse. John

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