John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: The Ox who wrote (17220)	8/27/2015 8:04:50 PM
From: John Pitera	Read Replies (1) of 33421

As Art Cashin had said after China stabilized watch.... Crude.... Crude had a massive rally... On the Monthly chart crude is working towards a low..... on the daily chart we will need to see a retest of the 38 low.... the Momentum was very powerful into the low..... a quicker rebound in crude would be a magical tonic for the Global economy in terms of the debt structure of the companies in the industry and the country that are highly levered to it. Question for anyone... What was the Low in the Ten Year Treasury Monday Morning....... I think it may have been in Europe.... a very robust move back to 2.20% on the TNX. The EEM ,,, Emerging Market ETF has really rebounded dramatically.... Think about the time of the Year....... Not many years we can point to in History where we have had this kind of corrective activity and made the Fall Market correction...... " miniature panic" low in the 4th week of August... September is the seasonally worst month for the year and Oct is so often dicey. I truly believe the time cycles heading into September 28th are highly significant...... John

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