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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Fintas who wrote (17067)5/27/2015 8:15:30 AM
From: Fintas2 Recommendations

Recommended By
John Pitera
toccodolce

  Read Replies (1) of 33421
 
Look at that base in that VIX chart.. Then ask yourself what does that portend to those who understand PNF?

HMM SPX recently at 2136 ish.. ZZZZZZZZ

And they can't take the VIX to 8?

More and more neg issues facing the markets and some want to believe VIX to 8 and SPX to 2500?

HMMM

Let me see.

2106.. Where have I seen that number before.

OH it's a number that could be seen to consider 2134 or 2188 but my my.. NO 2188.. or 2160

So what would that suggest?

Same ol crap.. just days passing by until.

2106 drops to the 2052.. YUP the same 2052 that has been tested in the past that is due to fail.. then 1944/1890/1836.. DAMN another familiar number.

AHH but with this caveat.. When it drops this time and the FA is no longer supporting my dutch uncle and Dutch AUNT buying..

1782/1728/1648.. REMEMBER that GAP UP in SEPT is 2013...

BOY did my dutch uncles do all they could to hold it up so when it dropped that GAP UP would be filled HOPING upon HOPE.. That is where it ends.. 1620?

BUT will it? Bernanke says.. not to worry about rising interest rates. it's a good thing.

Yes Ben it is. The problem is.. He didnt' say BTD. Wanna know why? Ben understands the LONG game.. Selling is part of it and that means.. NOT only is 1820 going to be hit to the down as the VIX moves higher to the 29.16.. Over time.. 1620/1566/1512 and yup 1458 SPX.

Yet that's a whole bunch better than SPX 972/810 which was VERY probable had they not begun QE 3 and got some help from their friends.. But getting HELP does not abrogate the reality. IT's a jungle out there.. Bernanke knows it.. Buffet knows it.. as do others and they will be BUYING the DIP: When applicable. It isn't at 2106 SPX

SO VIX? SORRY.. but 8 is not happening this YEAR. IMO

Fintas
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