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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Davy Crockett who wrote (16905)4/2/2015 11:13:26 PM
From: Fintas1 Recommendation  Read Replies (1) of 33421
 
Re SI.. the only problem I have with SI.. are those who but in, waste my time with the high school stuff, ask questions and never answer.. Or sit in the background with one sentence remarks.

SI today is not the SI of the 90's. Back then there were actual conversations. now it's adults behaving like kids, doing two on ones, piling on and playing the game of multiple id's and other.

Saying that.

Latest BP SPX showed me the traders moving the near term mo.. It's really a bit misleading but let some throw money at it. In the end, the longer term MO's will control and tehy have been declining.
So bulls shouldn't get too excited.

Here's a hint with PNF. Try using .54/.81/1.62 and 4.86 for the stock under 40.

What will happen is while a 1 dollar default will give you the 20.. A 4.86/1.62 and .54 will give you the 19.44....So as some wait for that 20 the plug will be pulled before hand.. The 17.82/18.36/18.90 will be hit and then it could hit that 19.44 or stall to come down and then GO UP. Giving one the chance or hmm CHOICE to say...I'll kick it out and come in again.. Or as I often do. Go to some pub, watch this and that and wait for my target... Makes life a lot easier IF that is ones profile.

So I'm not sweating the VIX 29.16.. that's an easy number. As you know been there already.

On an aside.. PREC.. OIL and OIL S are showing strength in their near term mono.

IF neither of them collapses on their BP's..expect a decent rally. DITTO POG....

Be well and have a blessed Easter.

Fintas
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