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Strategies & Market Trends : John Pitera's Market Laboratory
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To: stuffbug who wrote (16346)12/14/2014 12:04:56 PM
From: Fintas2 Recommendations

Recommended By
Davy Crockett
toccodolce

   of 33421
 
STUFF BUG.. You'll get that 1937.. IT many not close there initially on the weekly.

I agree with you there could be a bit of a rally this week.

Doesn't matter to me for after any rally 1890 and 1836 are coming. They will close under 1900 on a weekly. Whether that's in DEC 2014 or Jan 2015.

BY then many will be caught in the lights.. as they realize.. CHIT.

I notice humble flipped from his down counts to now up counts. I suspect at some point he'll be flipping down again when it's required. He's entitled for he's a trader.

I'm just some dumb long trying to see out 3-5 years. And for MANY equities it's not going to be fun. MORE importantly for MANY equities the highs they are seeing will be highs not seen again for many and for a decade for others.

OH what a Debbie Downer I am. NO.. I remember DEC.. I remember MERILL.. I remember MAXTOR.. and many many more that have either disappeared due to merger or other.

I also remember those that never had a chance to regain their highs.

I also remember many that are still no where near their all time highs Whether it be JDSU, GLW, FNSR etc.

And MS SPX can come down and stay in a range for a long long time if the BIG D takes hold.

Thanks for putting up your work. I read you where ever you post.

Fintas
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