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 (19248)	5/17/2017 10:41:13 AM
From: robert b furman	Read Replies (1) of 33421

LOOKS LIKE YOUR EURO /USD OVER 1.10 = Risk On just took a walk out to the woodshed. Good trading - glad you made it out just in time on the Euro. 2cs has been in the 40's for the last 15 days and we had a new low on May 136 at 40.13. The market was in some case/stocks a parabolic moon shot. Clx data has run off the big positive numbers and now has negative numbers dropping of - which should help with a tailwind. When rumors about politics cause sell offs - I seldom do anything. This week is options expiration - we had a barnstormer of a Monday and Tuesday following a very positive week before. Options expiration weeks are very nice one day and very bad the next - the boys need volatility to buy discounted stock and resell it at a profit after the expiration date. With the record low volatility of the last 2 weeks - they need to move fast for the remainder of the week. I'm watching for a 5 day trin of at least 7 and a big fat 8 plus would signal huge buying of discounted stock. Finally am current from the drive up here. Bob

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