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

To: John Pitera who wrote (12097)	3/7/2009 9:46:22 AM
From: Stoctrash	Respond to of 33421

Nice JP....we're due for a bounce that is for sure. It was a great week for me, even though my last 2 trades on Friday we're losers<GG>!! Shorts stopped out. Key is/was nip the "wrongs" w/small losses & let winners run. I'm only holding a few OTM QQQQ calls...but not betting the farm. Until the volatility chills down I'm not holding any large positions over night let a lone a weekend !!! Astro guy has a turn date on Monday too but we may have seen that Friday.

To: John Pitera who wrote (12097)	6/28/2012 3:04:52 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

please refer to the post that I am responding to as you read this post. ........."*On Mar 2009, the 2007-2009 bear market abruptly came to an end at 666.79 via a selling climax. We find it uncanny that the bear decline stopped within 1 point of approaching our 665.36 projection based primarily on the pivotal 61.8% Fibonacci retracement of the Aug 1982 to Oct 2007 rally. Does this then imply SPX can now progress higher and retest the prior Mar 2000 and Oct 2007 highs at 1,553 and 1,576, respectively? In the past year or so SPX has cleared above its 61.8% Fibonacci retracement of 2007-2009 decline at 1,228.74* as well as its 76.4% Fibonacci retracement at 1,361.50. Last year’s May 2011 to Oct 2011 correction of -20+ % may have been a shot across the bow warning of a maturing cyclical recovery, but the ability of SPX to surge above its crucial 10-month ma (now at 1,288) and its 30-month ma remains (now at 1,221) suggests the 3-year old cyclical bull rally can persist until the end of this year. In addition, the golden cross monthly buy signal remains intact reinforcing the sustainability of cyclical bull. Nonetheless, the 10-mo ma and 30-mo ma are still far apart with current spread of 66 points. The impending convergence between these two key moving averages suggests an inflection point later this year or into early 2013. If 10-mo ma falls below its 30-mo ma this confirms a technical sell and signals the start of a cyclical bear decline possibly to 850 +/- 50."