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


To: John Pitera who wrote (15745)2/12/2014 10:58:10 AM
From: HairBall  Read Replies (1) | Respond to of 33421
 
John,

No doubt atjt99 was doing the lifting here. It is a shame that both SI and iHub management have both built up their sights and then in turn, run off many of the contributors whose analysis made both boards worth reading.

Here is a follow up article, regarding the 1929 and Now similarities...

marketwatch.com

Per my models, if this DJIA similarity continues, the right should is building as I type. the neck line (albeit stretched) found support in the area of the 233 Day SMA and the DJIA has now found resistance at the 55 Day SMA as well as in the left shoulder area.

If this plays out as advertised, my fear is this time will be much worse. And, I would not put it past the current administration to enact martial law to remain in power.

ajtj99, send me a PMail to let me know if you plan on posting elsewhere. My lurking here is just about done.

Regards,
LG