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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (8430)	11/19/2007 3:40:24 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 33421

re you calling a top then? The top callers are still missing in action(imo). Is this then a good sign for da bears? i'm still seeing a lot more people calling bottoms instead of tops right now

To: nspolar who wrote (8430)	11/19/2007 6:25:00 PM
From: John Pitera	Respond to of 33421

Hi Falcon, I've already called the top in seconding your motion that we had seen a top in US Equities on Nov 3rd Message 24023770 reprint from Nov 3rd and I give you full credit for calling the top with me seconding it on what would currently appear to be the secondary lower high in both the SPX and INDU that occurred on Nov 3rd. "This should also mean some more weakness in equities, both US and Globally. I agree with our resident scholar-like Falcon that this sure could be that bigger top that I guess many folks have gotten tired of ruminating about. The NDX had a bearish looking rising wedge on the weekly chart, The CRB even looks like it could sell off for a while from here. On a more bullish note, Natural Gas looks like it could go up another buck and half into Dec. I've commented for a number of months that we really ought to see a Financial Panic in 2007, and just because we got out of October does not especially mean that we've whistled our way all the way past the graveyard. Who knows with O'Neil out of MER and Prince of of Citi this may be a time for the GraveDancers to be kicking up their heels ready to Party like it's 1999." It's Gravedancing time and as you may remember from Monty Python's the meaning of Life....... they are at the British country home when there is a knock at the door, the proper British landed gentry inquires who the man at the door is and what he wants. When the Grim Reaper, says he is the Reaper, the Grim Reaper, the country squire turns to the wife and responses to her that someone is here about the Reaping...... He then turns to the Grim Reaper and whitling past the graveyard he states..... Yes, well I' don't believe we really need any (reaping) at the moment.... that the way it is Falcon old buddy, sometimes the Reaping comes when people don't really feel like they need any!!!!!. JOhn