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 (18410)	10/3/2016 4:18:09 AM
From: John Pitera	Read Replies (1) of 33421

he GBP/USD breaks down decisively through it's post Brexit descending triangle.... this is building on the theme I noted here on Friday that the Prime Minister and the Government has no real clue as to how to extricate the UK from the EU. and now the market shall exact it's fee and push cable ( the pound) lower as the actions that the UK have taken are not pro business. as we can see on the hourly chart of the GBP/USD............ the next wave of consternation and uncertainty is unfolding on Schedule. the descending bearish triangle is in my top 3 types of patterns that I like to trade. Horizontal bottom with lower and lower highs as the longs become increasingly motivated to get out of their longs.. which are underwater... this descending bearish triangle shows up in bear markets on the way down........ .... JP Bill Gross's Janus is merging with Henderson Global......... it was only a matter of time Shares in Henderson Global Investors shot up more than 18 per cent to 274p in early trading after it unveiled plans to merge with Janus Capital, the asset manager bond king Bill Gross famously ditched Pimco for. In a statement today Janus said it was merging with Henderson Global Investors to create a giant asset manager with $320bn (£247bn) of assets under management and a combined market capitalisation of $6bn. The merger of equals will leave Henderson and Janus shareholders with 57 per cent and 43 per cent respectively of the creatively-titled Ja

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