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Strategies & Market Trends : John Pitera's Market Laboratory

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John Pitera

To: John Pitera who wrote (19017)	4/11/2017 10:39:05 PM
From: robert b furman	1 Recommendation of 33421

Hi John, first off 2cs = .91 x's 12.75 = 11.60, 5 day cum = 55.81 5 day cum may well not reverse till Thursday/monday Today for the first time in 16 days aydis finally went above zero. Out of the buy zone. Both the 10 day and 30 day clx offsets start to drop off negative numbers after tomorrow. Clx numbers go higher tomorrow and on for a solid week It is a short week of trade. Futures are getting negative tonight. Full pink moon tonight at 2:30 am: This phenomenon will be at its maximum early Tuesday morning, shortly after 2 a.m. EST. But if you aren't interested in staying up late, the moon will also be visible to sky watchers over the next few evenings until April 12.Full moons often mark change in trend points Today we entered 5 of C - it could morph into a larger A : The 5 of C can take time drifting down and to the side. 5's of C can also truncate. stockcharts.com Today was a nice hammer - reversal pattern. Earnings are out in earnest next week. We signed a commercial loan with a local bank for 5 years fixed at 4.25%. My senior partner is the wealthiest man I know and he has zero debt personally and we all guarantee the loan - so it is a no risk loan for the bank. Why would a bank make loans in this low rate environment ? - when they can park them in 30 year treasuries for 2.92%. For a 1.33% more you take a chance on a default vs.a complete guarantee. Banks are waiting for deregulation details before they get more aggressive on loans, except to those who have assets and pledge them as collateral. I think we surprise a lot of bears and reverse up. It has been a 6 week decline and Macd has stayed positive and price has held within reach of new highs. It could be a weak B up but we're due an up. stockcharts.com We are still in a bull and the surprises go to the up side till otherwise. We seeee!!! Bob

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