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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Fiscally Conservative who wrote (17628)1/12/2016 12:56:03 PM
From: robert b furman2 Recommendations

Recommended By
Sam
The Ox

   of 33421
 
Yup ugly is always the needed requirement for a turn.

A lot of variables are there now there are some that look to need more time.

Often time is consumed and price although acting anemic is always grinding one beliefs with the constant threat of a bottom falling out.

All part of fear creation and working on ones patience = a reversal being put in place.

Ther should also be a capitulation which should show up in a high 5 day trin.

Trin has been averaging over 12 on a 10 day and over 6 on a 5 day run for quite a few of the days this entire decline.

Unlike the decline in august where the trin for that day was over 5.

slow weak action creating selling at the end of a long C wave = accumulation.

Just before earnings.

Last year I got sick of hearing about Greece - this quarter it is China.

Both of which had very little to do with US GDP or the vibrancy of our corporations.

Most CEO's have braced and planned for slow and no growth - how bad can Greece or China impact the majority of our corporations - except aapl and they seem to do well regardless.

Lots of noise and it is ripe for a reversal.

I can be way wrong ,but that is how I see it.

Bob
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