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Strategies & Market Trends : John Pitera's Market Laboratory
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To: The Ox who wrote (17710)2/8/2016 2:40:44 PM
From: John Pitera2 Recommendations

Recommended By
roguedolphin
The Ox

   of 33421
 
so last summer we had the IBB at a blow off top with a 4 standard deviation of it's 200 DMA.

Message 30157794

To: isopatch who wrote (17116)7/21/2015 9:18:33 PM
From: John P3 RecommendationsRecommended By
isopatch
mary-ally-smith
roguedolphin

 of 17747
The IBB index is looks like it's reach a 4 standard deviation above it's 200 DMA

We have 5 stocks that add up to $2 trillion dollars of market capitalization. We have the type of momentum
stock market valuations and market action which is occurring that has in my estimation last occurred in
199-2000 and then you have to really go back to the wild go-go market of 1967-68... where the top 10 stocks
appreciated 10,000 % and all were over bubble stocks that were out of business by 1972.



Now we have the IBB having a massive bear market and pulling into it's 200 WEEK Moving average just below this area...... It is now getting overdone and we should certainly see short covering occurring in that area..... We are at an area that should be an excellent buying opportunity.......... for traders you have an opportunity to look at longs with a stop

If China is going to have a large currency devaluation..... and or we are seeing a major Banks like Deutsche Bank , Credit Suisse... BNP Paribas blow up or one of several Asian banks then we take have this even more significant market debacle.

as you most profoundly have stated a number of times... we should be watching what the markets are doing.... and evaluate the data and price action as time unfolds.



John
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