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

To: John Pitera who wrote (10210)	10/7/2008 11:52:26 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

CME, Citadel working together on credit default swaps October 7, 2008 SUN-TIMES STAFF CME Group Inc. and hedge fund Citadel Investment Group LLC plan a venture to compete with Chicago-based Clearing Corp. to guarantee credit default swaps in the $54.6 trillion market, Bloomberg News reported. The partnership between the world's largest futures exchange and the Chicago-based hedge fund is non-binding, Bloomberg said, and the agreement should begin this month, according to Chicago-based CME.

To: John Pitera who wrote (10210)	10/8/2008 10:07:21 AM
From: nspolar	1 Recommendation Read Replies (1) \| Respond to of 33421

"If indeed we do witness the SPX experience a "C" wave that revisits the 775 level of 2002; It will represent an extremely rare and propitious time to be deploying funds into US equities." John, you have not been following falcon waves! There is likely a D and an E that follows the C, as well. The first buy comes at the bottom of the C and if my timing models continue roughly on track, about mid Dec for starters. I tend to think we get one hell of a ramp next year for the D and then towards end of next year we start to give over half of it back in an E wave. The D should be well on its way by about middle of Feb. The E wave would wait until end of next year, earliest, to do its work. So we have multiple oportunities for some large 'swing' trades. Patience and paying attention will be the key attributes required to hit a good portion of each, as well as following John P's Market Laboratory. If my timing continues ... yes the feast will utilize some merlot. For those few that have anticipated this, and I think it was only a few, the buys into commodity metals are going to be extraordinaire. I repeat again .... things like nickel, moly, cobalt, chromium ... etc. And if the company has some silver and gold to mix in with it, all the better. Remember, this commodity boom is only in the 1st inning or so. It is going to run for a long time. This is just the first big shake out. And don't leave tech out of your portfolio. It is been a long time now since the '00 top and the waves are working to get in line for another huge run. The big top in tech will be hit and 'topped' again. As for now, it (the down) ain't over. The whatever has not started to sing. Not enough whites of the eyes shining either. But we are inching ever closer. Imho. And I also have some bonds. I am thinking it will be time about end of year to get rid of them. The first hit on The Big Top in longterm bonds could be close at hand. TF