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


To: John Pitera who wrote (11717)2/3/2009 8:03:39 PM
From: Hawkmoon  Read Replies (1) | Respond to of 33421
 
Carl Swenlin @ decisionpoint doesn't seem to be so positive. He's expecting another test of November lows:

decisionpoint.com

decisionpoint.com

I really hope he's wrong.. ;0)

Hawk



To: John Pitera who wrote (11717)2/3/2009 8:42:57 PM
From: zigzagman  Read Replies (1) | Respond to of 33421
 
I saw that Nenner interview on CNBC today ~

Really interesting stuff...When asked what percentage his Entry Signal worked, he said "100% of the time, within a day or two"...

Then they asked him "well then, why don't you OWN THE WORLD"?...

His replay was GREAT!...It was something like...

"I'm an academic...I don't do this for the money...I do it to be right"...

Then he told all about which schools he is a professor at, etc...Really humble guy!...You could tell he really meant it...

I sure hope he's right about that Entry Signal!...Our long-term hold account sure could use a lift! :>O



To: John Pitera who wrote (11717)2/3/2009 9:53:48 PM
From: Stoctrash1 Recommendation  Read Replies (1) | Respond to of 33421
 
JP...yes I know...Santelli was all over the yield rise the last few days too.

With all the ugly news & reports the market should have been down 400-500 points the last few days, but it would not crack.
PPT, Cycles, juju....something want's it higher...so lets ride!

Like I was saying to someone a month or two ago, trading range crazy will be fine with me for a few years.
So far we've crossed back forth over 8K many times, anyone counting?