John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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isopatch

To: isopatch who wrote (17265)	9/28/2015 7:37:56 PM
From: John Pitera	1 Recommendation of 33421

The Nasd Monthly chart has the 5 month moving average of the 14 month RSI generate a sell signal against the 55 month Exponential MA of the same 14 month RSI.... additionally the Monthly Elder Impulse Price bar looks as if it will close below the median band on the 2,0% BB mid point... thus pointing to further bear market activity..... Brazil's etf the EWZ was off another 4.62% and unless we rally into the September end of the month close.... the Brazilian market will be at lower level than the 2008 Great Financial Crisis close. JJP

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