John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (17969)	3/18/2016 11:08:52 AM
From: Chip McVickar	4 Recommendations Recommended By Blasher Hawkmoon John Pitera The Ox Read Replies (1) of 33421

dollar looks to be holding the 33% line within the dominant pitchfork and how it's held the minor yellow forks lower tine rsi basing - cci reversed - trix over-sold my guess the 33% line will hold and we go up after the 23 of March some 1.618 extertions off those forks come in early April stockcharts.com SnP pitchfork is a thing of beauty one gap is closed one in view and the upper closing daily reversals are in focus... my guess higher into the last week of March take out the reversal close at 2078 and a pull back to 33% line before making all time highs stockcharts.com I personally don't believe that gold has any monetary properties or influence or is a store of wealth at this time in history. Especially if the central banks are headed towards electronic currencies. There fore it has no predictive value to markets or currencies A commodity to be traded on its own merits. Dollar still holds its traditional value as the reserve currency -- BUT Oil is being sold outside of the dollars value in increasing quantities and also pegged to the Euro, etc Therefore don't you think... these traditional correlations are becoming more difficult and less reliable...? But I suspect you're watching these developments already.

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