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

To: John Pitera who wrote (9691)	7/14/2008 5:19:51 PM
From: John Pitera	Respond to of 33421

the *infamous Centipede Market of 2008..... Yep I'm giving wide currency and will accept trademarket and though leadership rights for giving this massive financial fiasco of the past year a truly proper handle..... because as you know we are in my most aptly named Centipede Market here...... don't get caught up waiting for the other shoe to drop when it's all clear..... watch for bits of falling sky as the other 90 some odd shoes fall off the infamous Centipede Market of 2008. Financial upheavels, bank failures financial failures; Mr. Toad like gyrations in the Energy and Commodity Markets and this is all just the overture prelude to the main act in this bad-nervous mania.... the upcoming Credit Default Swaps and ancillary structured products debacle.... oh yea, buy the ticket take the ride, this one has all appearances of having more than enough bad Karma and catastrophe to go around. Do we still have many people around here who are not heading the words of people like Soros, Rodgers, Biryini, et al as they point out that this is on track to be the biggest financial market wipeout and biggest credit meltdown since the famed year of 1719-1720 with the Mississipi Bubble, the South Sea Bubble and Most Importantly John Law's fabled Experiment with Credit* that saw France going from the wealthiest country on planet earth to a viscous seeping of all hard and real assets that where carried our of France by the Wagonload and shipload, in an effort to preserve meaningful measures of wealth. Yes, indeed ..... this is not your Dad's Penn Square failure... but rather the famed Centipede Market of "08" John

To: John Pitera who wrote (9691)	7/15/2008 11:40:19 AM
From: ajtj99	Read Replies (4) \| Respond to of 33421

The market low for this month (and next) should come at about 9:45AM on Thursday, July 24 according to my current models. SPX 1076 is the sweet spot for such low, but 1070-1080 is just fine with me. Margin calls should kick in later this week, and the good, bad, and ugly should all get sold. There should be about a 6.4% range from the low to the high on the day the low hits, and we should close on the highs that day. All just by my models, and just for discussion right now. That will not be the yearly low, but very close to it.