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

To: Davy Crockett who wrote (15774)	4/9/2014 1:13:58 AM
From: Davy Crockett	1 Recommendation Recommended By Hawkmoon Respond to of 33421

according to the PnF charts for the major indices; we (not me) should be and are in extreme caution mode Me....? I have already anticipated these readings and I am ready for the next move down.... It's a little bit mathematical, you cannot simply go up forever.

To: Davy Crockett who wrote (15774)	4/9/2014 7:40:25 PM
From: John Pitera	2 Recommendations Recommended By ItsAllCyclical roguedolphin Read Replies (2) \| Respond to of 33421

Hi Davy.... (SILVER CHART)......... I like the purchase of TZA....... sounds reasonable gold may be good for a trade...... I had just posted a gold chart.... and then and looked into Silver a bit more deeply. I think that Silver is a lousy looking chart with jagged buying at $18 to $19 bucks.... but it looks pretty darn close to a descending triangle which of course we have proven is a very bearish pattern.. Silver shows no ability to rally meaningfully and it quite often leads Gold. I would much rather be short silver than long and as a matter of fact we are exploring a short play on SIL. So that also makes me even a bit more bearish on Gold. John