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


To: John Pitera who wrote (12341)4/21/2009 3:41:38 AM
From: Hawkmoon  Respond to of 33421
 
GeoPolitical Realities of several regions, possibly IRAQ may create a part of the narative the coming few weeks.

Did I miss some new story in Iraq?

The terrorist bombings certainly aren't it.. They'll go on for years to come. The question will be if the government and it's military/police can maintain overall social order.

Hawk



To: John Pitera who wrote (12341)4/21/2009 10:01:22 AM
From: Stoctrash  Read Replies (3) | Respond to of 33421
 
<<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.

I think you have a good map there. I need to see a sub 820 close fist as the trend is still holding up for now. I suspect we do see a move much lower but price for now is holding.

The problem I see 3-9m forward is now that liquidity is there, nobody is willing to "RISK IT" or use it. The consumer is scared - layoffs & continued slowing biz is going to be the next problem.

On oil..are we going to see the contango blow up that I talked about? IE..everyone betting on higher future prices that never materializes? So far that seems to be the case.