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

To: Augustus Gloop who wrote (12742)	4/20/2011 1:36:10 AM
From: John Pitera	Read Replies (3) \| Respond to of 33421

Hi michael, so we have to duck and cover once again.....? That's the feeling that I have. UBS has a very talented Market tech. that crafts a 40 page pdf that he sends out every couple of months and when you look at his longer term downtrend lines on the SPX and DJIA, they show the very possible occurrance of the SPX going back to long term trendlines around 600. You would think that after the incredible blow ups of the past few years that people would not be fearful of this occurring, yet the investing public has not come to the point of a "total loathing of an asset class" ...in this case stocks that occur with all major longer cycle turning points. there are still a bunch of bubble valuations out there....... nothing like the top in 1999 -2000 or 20007-2008......but still there are speculative darlings. John