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: Stoctrash who wrote (12337)	4/20/2009 3:01:57 PM
From: Hawkmoon	Respond to of 33421

Watched it last night.. was pretty interesting. And it backs up my belief that until the financial surety sector rebounds, any overall recovery in the financial sector will be delayed. Hawk

To: Stoctrash who wrote (12337)	4/21/2009 12:45:03 AM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Hi MdT, Today was the first meaningful selloff from the SPX 666 low on march 4th. I posted a chart showing that that was a .618 retracement from the entire run up from 1982 ( which a very old correspondant had sent me via email... not even my analysis) Thus we have had a very nice percentage appreciation rally from very distressed levels. Now we get to see if this is a 4 to 9 market day decline in the SPX to the 780-760 level.... or the proverbial more pronounced retest of the lows of early March. The Foreign High Frequency Equity Markets (China... etc. emerging markets) have come back so strong that they are indicating that we catch traction at the 780-760 level as in some respects we have a surfeit of certain types of global liquidity. GeoPolitical Realities of several regions, possibly IRAQ may create a part of the narative the coming few weeks. LIBOR-OIS and other interbank lending levels are indicating that we have continued elements of liquidity thawing and reliquification throughout the world. The currency markets have slumbered into a type of equilibrium, and the reduced volatility is a plus for global marcoeconomic economic transactions and global flow of funds transfer as this slow down in change creates more equilibrium. John