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

To: John Pitera who wrote (15771)	4/8/2014 11:02:08 AM
From: John Pitera	1 Recommendation Recommended By Zilyunz Respond to of 33421

A very short term road map with Fibonacci ratios. The SPX 50 day MA is at 1840 and change..... so far we have tentatively peaked below....at 1837.......... I don't believe that we will hold above it for long....... It's the heaviest IPO issuance calendar this week since 2007........ typical bullish psychology topping action. John

To: John Pitera who wrote (15771)	4/8/2014 12:27:20 PM
From: Hawkmoon	1 Recommendation Recommended By Davy Crockett Read Replies (1) \| Respond to of 33421

when you are 30% above the 200 week MA..... we are in a sell zone. Exactly John.. I was riding the wave, but last Friday I think we saw it break down. And if you think the weekly chart looks like a sell, wait until you see the Quarterly SPX dating back to 1988. Pay special attention to the historical correlation between the descending MACD and major sell-offs. It would appear that we at this stage, once again.. : bigcharts.marketwatch.com And those Bollinger Bands are probably the best example of how someone CAN "time the market".. Hawk

To: John Pitera who wrote (15771)	4/8/2014 10:58:28 PM
From: Davy Crockett	2 Recommendations Recommended By Hawkmoon John Pitera Read Replies (3) \| Respond to of 33421

This is an interesting chart 4% YTD. TZA... to my old & tired eyes it looks like a double bottom was put in or for the more conservative among us IWM clearly a double top (with lower lows) has been put in --> better seen in this 6 month chart. IWM has good support at this level (at least from a 6 month perspective. Will it hold? I don't think so. I bought GOLD & TZA (disclaimer)