Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: nspolar who wrote (9702)	7/16/2008 2:54:07 PM
From: nspolar	Respond to of 33421

The other issue forming a possible hard pivot is none other than good ole GS. It is rocketing skyward today and SKF is all :>( doom and gloom. SFK hit the price zone, ahead of planned schedule. I think this could be a top, maybe a double top this fall. Now for GS: There is quite a bit of power in this move off the bottom. No Sept calls yet, we need to get a retest to a higher low for me. Then maybe. The pivot being formed or done forming is the one on the lower right of the diametric, shown in #msg-24752565. This is boolish for now. Far off to the left in the GS chart there was a nice gap. This is where this pivot seemed to want to hit. Next we have to watch the new leader, to see where it lands at the upper right pivot in the diametric, and where it falls to later this year. There will be a hard pullback, I am convinced; mid Sept to mid Oct timeframe probably. TF

To: nspolar who wrote (9702)	7/22/2008 3:48:08 PM
From: nspolar	Read Replies (1) \| Respond to of 33421

Those GG puts are gonna be worth ... well a pasal of gold. GG is going way down there. Financials continue to rally, but it is a traders or suckers rally. The bottom is close but not yet in there. This fall will likely see the hard bottom there. Then financials will really lift, and add significant influence to the major indices. In 2009 financials will likely be the best performing sector. The DOW pivot we have mentioned at the last low is a near longterm lock imo. Longterm being more than a year. This market is gonna rocket next year. No hard reason to be a believer or non believer here, just wait and observe the retest, which will hit full stride in latter September/October; and might even stretch on end to early next year. There is always a retest. The dollar is finally going up, that bull flag it has been working on for some few months is over. It ain't going up because the US economy is tanking. Am I favoring a path or what? The Ultimate Storm in full swing. Wreak havoc from one end of the spectrum to the other. Bulls, bears, inbetween, you name it. No one gets spared. Just a daily post today, not a part in the series.