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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Fintas who wrote (21122)	7/31/2018 1:42:11 PM
From: robert b furman	Read Replies (1) of 33421

Hi Fintas, No I surely do not want to by SPX for a double. Nor do I want to buy Amat or INTC like we followed way back into the teens. I have been buying KMI,HCP,and T. Try this chart on the SPX: screencast.com When was the last time you saw the Keltner bands pinch inside the Bollanger Bands ,while both the keltners and the lower BB are heading upward? That's not the sign of a declining market imo. Add to that Clx tailwinds and I'm cautionary about being short. It is to me the sign of a rising market. JMHO Bob Thanks for the discussion!

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