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

To: Augustus Gloop who wrote (14125)

6/5/2013 4:18:26 PM

From: John Pitera

Read Replies (1) | Respond to of 33421

I am 3 stokes over par and need a birdie at bare minimum and more likely an eagle to make the cut..... It's a competitive field

Mike,

The Post to Fintas is from GZ's thread... and my post on TJ's thread from May 29th.......

well the key takeaway is that the Bullish Psychology would climax on Sunday, the day prior to Memorial Day...and thus the Long Exposure needed to be pruned back..... The shorts and Put option strategies needed to be set up with the VIX at very low levels...
and the repositioning done the week before Memorial Day weekend. That played a minor role on my trips to Chicago..

I am happy to report that I was already in the back seat of a silver Town car.. with the window open heading to O'Hare... at 10:40 AM Friday morning.... I beat the Memorial Day rush and was at the gate for my 12:20 PM direct flight to Houston.... with 50 minutes to spare.....

aahhh.... it's the little things we have to be thankful for!!!!..........

your Long, Long Time friend...

John Jacob Pitera.....

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To: John Pitera who wrote ( 51279)

6/5/2013 1:23:18 PM

From: John Pitera

of 51352

Hi Fintas... AS I stated here on Sunday in May..... the peak in mass mood Euphoria and concomitant turning point was Sunday May 26th....... we had the applying pressure of 2 other cycles on Thursdays May 23rd..... as well as a very significant full moon occurring the next night and the Mars Venus Jupiter conjunction... It was a significant time turning point.

So Far..... the optimism peaked the Thursday -Friday prior to Memorial Day weekend. as I stated to TJ..... and I was all jagged out from my bitch of a trip to Chicago.......but we got our extreme in bullish psychology just prior to Memorial Day weekend.

John

As I have pointed out Art Cashin...... knows more about the financial markets than just about an one walking on the face of the earth.......
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To: TobagoJack who wrote ( 100832)	5/29/2013 11:40:06 AM
From: John Pitera	Read Replies (1) of 100915

the Hi TJ, *The JGB's the Japanese government notes have gone from 0.60% in yield to 0 .86% in yield in 3 days..... that would be like us rates going from 6 % to 9% in 3 days.... negative...* We made a new post secular bottom....new high in the $tnx..going fro, 2.91 to over 2.1 % in those same days. *The most accurate cycle work I have seen shows at peak in mass mood on Sunday May 26th*..... and Equity markets should make; a top on JUNE 7th (that is the Bradley date... but the Bradley is simply a blended average of models......

To: Augustus Gloop who wrote (14125)	6/6/2013 8:58:21 AM
From: John Pitera	Respond to of 33421

The Doc...gave me stronger drugs..... so we'll see how that works......... someModerated By: SI Ron (Hall Monitor) -- (Moderated) -- Started: 1/31/1997 4:25:00 PM Revision History The purpose of this thread is to give you all a location where you can test your HTML replies before posting them to the appropriate threads. Let's learn from our mistakes by practicing on this thread first......... NEW TRAINING VIDEOS AND HOW TO's: How to use Silicon Investors Image Tool to insert images on your computer or another computer: screencast.com Image Placement using the Image Tool screencast.com How to make a image hyperlink (click-able image) Message 26834400 How to insert charts or videos in your Twitter Tweets, using Jing: techsmith.com (scroll down for more information to set up Twitter and Jing) How to make "clickable text" or in other words, make text a hyperlink: Message 27626004 educational videos I stumbled across....

To: Augustus Gloop who wrote (14125)	6/6/2013 5:04:02 PM
From: John Pitera	Respond to of 33421

He had the courage and passion to speak the truth..... It reads like One of JFK's missives in his Pulitzer prize winning Book "Profiles in Courage" JFK..spoke the truth.... I have watched 55 of his speeches and purchased a copy of a book that is a compendium of all of his speeches in their entirety during his presidency.. [iframe width="640" height="385" class="youtube-player" src="http://www.youtube.com/embed/zdMbmdFOvTs" frameborder="0" type="text/html" allowfullscreen=""][/iframe] *Also while JOHN was at the cross* there was but one apostle and 4 WOMEN. Thus the significance of women and why WAS JOHN there*? . When he first appeared from the tomb he did so to a woman who had been a sinner. Why a woman. Why a sinner? And here's what many miss.. MANY.. HE SPOKE THE TRUTH.. could have ducked and dodged as most do but didn't. Even when he knew it would result in his being sentenced to be killed by crucifiction. Additionally when he spoke the truth or things many did not understand he upset many. He didn't pull his punches nor did he take the time to explain many of the things that confused not just the masses but those very close. HE WAS NOT PC. Look to what he said to Peter and made Peter cry. Look at what he said to the mother of James re who could take his place. Heck look to what he SAID TO HIS MOTHER! And lest we forget what the crowd did! WHY many were manipulated. MANY had agendas* Today many have agendas..... and the Masses are Manipulated..... we are all playing our part now.... JJP PS... El-Erian---[yt]?play=1&video=3000173324[/yt] Pimco has been pulling back from risk Doug Kass: ---- spx we are going much lower in time..... invariant view on earnings and corporate profitability.. [yt]?play=1&video=3000173739[/yt] be sure to watch the Doug KASS video---- you can also go to cnbc and today's videos and watch.. Kass: The Market is Headed Much LowerThu 06 Jun 13 \| 01:02 PM ET Doug Kass of Seabreeze Partners Management explains why he thinks the market is extremely vulnerable, with CNBC's Kayla Tausche and the Futures Now Traders.

To: Augustus Gloop who wrote (14125)

6/10/2013 1:03:16 PM

From: John Pitera

1 Recommendation

Recommended By
roguedolphin

Read Replies (1) | Respond to of 33421

The Outlook for Gold continues to look negative..... as we will recall I illustrated on April 4th how the 2 year Gold Chart was in a very bearish descending triangle and when support broke in the low $1500's.... the most logical read was for an intermediate term decline of $400 dollars.....we knocked $225 off when it broke down the Thursday after Goldman piled on to the trade "piling on was originally a Rugby term"

as we can see by from this chart....the price actions on the rallies has been feeble, Gold is just quitely rolling over and is getting ready to take out the 336 and the $321 price support levels.

the technical traders have sold it at the 26 day Exponential moving average and Gold has not even been strong enough to rally to the 50 day Simple moving average where many professionals have been hoping it would get to so that they can put out more shorts...After the initial $225 plummet we had a reasonable rally that retraced about half of the first major thrust down. When the SPX bottomed and we had the 300 point move in the $/JPY and the EUR on June 6th... it pushed the 10 year yield down, fueled a rally in SPX ........

a quick review of the bigger picture in Gold and the talk about a $400 decline....

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To: Yorikke who wrote (13977)	4/4/2013 1:59:05 AM
From: John Pitera	1 Recommendation Read Replies (2) of 14155

Hi Y, here is a chart........GOLD is in a very interesting and fairly complicated pattern.....it has many elements of a market that is in a descending triangle which usually one of the most reliable chart patterns to which would suggest that we will break the horizontal baseline support and in that case a reasonable target for the ultimate end of the decline would be about $400 lower than 1923$ price top out in Sept of 2011 and these jagged lows in say thw 1528-1535 range....... the *chart looks lousy and I would not be looking to buy this support but would be shorting it on a break* 2 day close below $1500 andwondering what will be happening in the global economy if it goes down $400 bucks from here. The very deep momentum generated on the RSI on it's Feb 2013 decline almost mandates that this chart is going go break down and the price of GOLD denominated in USD is going lower. The XAU is down 50% and, is showing a double momentum buy signal but a quarter of those companies are on the financial rocks....... if GOLD breaks down and we see a meaningful decline, then I do not know how you can say that TA is Nonsense. Our FED and the Central Banks of the world have driven us off into fantasy worlds........ but I would not throw the baby out with the bathwater......... Interesteing the XAU..... which is down from 228 to 128...... that chart is actually showig a double momentum buy divergence...... but remember its for the companies that stay in business.... John PS constance brown has written an excellent book on TA that has been updated in 2012.....she has a very interesting of using a methodology of using specifice ema averagers overlaid on the RSI and I believe she's on to something good. I hope to discuss her methodology..... and maybe generate a few books sales for her sometime soon. John