Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 659.00

+1.0%

Nov 21 4:00 PM EST

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GROUND ZERO™

mary-ally-smith

To: GROUND ZERO™ who wrote (96269)	9/5/2017 2:46:40 AM
From: John Pitera	2 Recommendations Read Replies (1) of 219166

Hi GZ, You know when I wrote the last post that you responded to we were basically back at the top of the range like we were on June 4-6th... and we sold off...but when a market that has been making higher lows keeps coming back and knocking on the ceiling knock knock knock.... I want to go up into the Attic and then up onto the roof..... I especially need to be more attuned to the fact that the market will ultimately take out the resistance and then it off to higher and higher level..... I was looking at the charts I posted to you and was looking at the Chaikin money flow on GLD...... which I believe is the biggest gold ETF..... and the Chaikin money flow was very, very strong and rising on that stockcharts daily chart and the GLD is a huge ETF and unlike the futures you have net long positions in it.... So Gold and silver are moving above the resistance areas that were on my charts. and it makes sense with the North Korea nonsense, the Hurricanes which are inflationary, as well . Now this morning We have seen a run to safety in the Yen with it up .33% today, and the Swiss France a safe haven up 15% ..Dec gold which has by far the greatest open interest is up .07%...... you have to admit the Yen is a tricky little bugger that to use and anology... when pitcher could throw "spitballs" prior to 1920... that's what the Yen is.... It the Knuckleball of pitches..... lobed at the plate, low speed and it can wobble ever which way and so often is doing counter intuitive things.... I understand why it's going up this morning ... flight to safety...... BTW.. The Major ReInsurance companies, such as Swiss Re are vulnerable stocks and those with a bent to shorting should be looking at these. the Swiss Re Chart is not looking all that hot...money has been leaving the stock. the daily The weekly with Indicators the chaikin money flows has been negative on the daily and weekly charts for quite a while especially the weekly..... The accumulation/ distribution summation on the weekly has been flat-lining. John

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