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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (17652)1/14/2016 11:58:55 PM
From: The Ox1 Recommendation

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John Pitera

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Excellent chart and interesting concept. What strikes me is how low the RSI is at the moment on the SPX chart. Above but still very close to the lows set during the 2010 and 2011 downturns.

As to the rest, yes, lots of headwinds and plenty of concerns going forward. Amazing how bearish the data and sentiment numbers are at the moment.

Looking short term - tomorrow, options plays often gravitate towards nice round numbers, 1900 SPX, 16000, DJIA, 4200 Nasdaq......a solidly down day will get below all of those!
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