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

To: George Statham who wrote (15735)	4/13/2014 3:45:08 PM
From: John Pitera	1 Recommendation Recommended By roguedolphin Read Replies (1) \| Respond to of 33421

I profoundly miss AJ.... And on to the next bummer.... the fat Lady sings..... The XBD .... broker dealer index has already sold off so much that it is approaching the 200 DMA .. Fattest Lady Continues By ronjaenisch \| Posted April 11, 2014 [iframe name="67cf3d16319f3719" width="1" height="1" class=" adunit_1x1" id="67cf3d16319f3719" src="http://ads.cnn.com/html.ng/site=cnn&cnn_position=970x90_top&cnn_rollup=cnn_ireport&cnn_section=article&page.allowcompete=no¶ms.styles=fs&Params.User.UserID=534a7ad9053e960a3c89e6568500f4a8&transactionID=1883768644154913&tile=7858300937931&domId=67cf3d16319f3719" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" style="left: 0px; top: 0px; position: relative;"][/iframe] A few weeks ago at the top, (point marked as H) in this column it was noted that the fattest lady had sung. This was a textbook sell signal according to Andrews. Then as prices made the point marked S2 a textbook Golden pivot rule sell signal came about. At that point those that used Gann methods were jumping for joy as the market was making a head and pattern. After it broke the neck line a sell signal was achieved according to Gann rules and Andrews followers were laughing all the way to the bank. Today the standard target line used by the Gann followers was achieved by the price action, and profits were taken. Advanced Andrews technique users are using a different target signal, with which to take profits. The reason this is the fattest lady.........and not the fat lady, ..............it is the financial sector. ( JJP editorial....... Ron has a profitable trade...... I think we have significantly more downside in the broader markets as noted that the GFA Alpha system is currently loaded up with QID BIS FXI