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

To: John Pitera who wrote (14242)	6/29/2013 9:36:18 AM
From: John Pitera	Respond to of 33421

The Fibonacci reason for the SPX bottom last week at 1560 and the simple reason that the professional traders have sold the SPX and the DJIA as they have come back to their respective 50 DAY Simple MA .. with Gold them metals in rally mode and negative developments on Global credit spreads and yield curves ...we will see some more selling kick into the US Equities....... and another look at the breakdown of the Chinese equity markets