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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Davy Crockett who wrote (16810)3/17/2015 8:15:37 AM
From: Fintas1 Recommendation

Recommended By
Davy Crockett

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Davy. I agree, John P has the expertise to weigh in.

Hope he does.

In the end, we will soon know what the fed statements says.

I agree with this portion of that article.

"Yet the message from a string of Fed governors in recent days is that rate rises cannot be put off much longer, the Atlanta Fed’s own Dennis Lockhart among them. “All meetings from June onwards should be on the table,” he said. The most recent Fed minutes cited worries that the flood of capital into the U.S. on the back of the stronger dollar is holding down long-term borrowing rates and effectively loosening US monetary policy. This makes Fed tightening even more urgent, implying a “higher path” for coming rate rises.

Nobody should count on a reprieve from the Fed this time. The world must take its punishment."



Davy:


The tech indicators I present have lots of room to allow for the down. And not as much to allow for a continuation to spx 2500.. or 972/1458/1944.........2430..


I lean 1944 stair stepping to 1458 which in fact is back to where the SPX was in 2013. So for the moderate who disagree.. well 1944/1782/1620 filling the gap UP at 1648.


We shall see..


But again.. Who thinks the fed will raise rates.. I do.


Who thinks the FED is behind the curve. I DO!


IMO


Fintas
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