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

To: tosa who wrote (15781)	4/9/2014 7:22:02 PM
From: John Pitera	1 Recommendation Recommended By roguedolphin Read Replies (1) \| Respond to of 33421

Hi Tosa, thanks for the kind words. I basically feel the exact same way as you regarding gold. Looking at the daily, and weekly charts .... time cycles I don't find the charts interesting and I believe sentiment is such that we can break to lower levels over Q3 or Q4. But it's not a market that is speaking that much too me.... this chart I have posted and a daily chart illustrate what I consider to be an ambiguous market. I was highly bearish at 1700 and 1600 last spring and became very bullish at 1180...last summer. And I was a long term bull from 1999- 2000 and liked it from the long side for dozen years. Right now it's in no man's land. but wanted to ask your opinion on gold here. Gold bulls are trying to hold 1300 but the popular take is this is a dead count bounce and 1180 will be broken to the downside later this year.Daily and weekly GLD charts seem to support this possibility. John . .

To: tosa who wrote (15781)	4/13/2014 5:36:06 AM
From: John Pitera	4 Recommendations Recommended By Davy Crockett Hawkmoon isopatch roguedolphin Read Replies (1) \| Respond to of 33421

Hi Tosa, we can see from this chart that Hawkmoon passed along.... that the operational earning of the SPX has again reached an extreme high level and that we can easily see a decline in equity prices from here. It's important to notice that the entire energy complex has been rising In price.....from Crude, to gasoline is trending higher and Russia shall try to exact significantly higher Natural Gas prices from much of Europe. This rise in costs is not factored into the current earnings projections..... and when Putin moves in and does his duty to support the Russians in the Ukraine.... we see Natural Gas prices explode In Europe and the fact that this occurs gives us a 25% haircuts from current speculative...... pie in the sky equity earning and bottom lining it we see a 25 to 40% reduction that the Global markets determine will be appropriate to apply to various global equity markets and a number of other asset classes. John

To: tosa who wrote (15781)

4/13/2014 4:53:38 PM

From: John Pitera

2 Recommendations

Recommended By
Davy Crockett
roguedolphin

Read Replies (1) | Respond to of 33421

Hi tosa... here is Triple AAA series of charts from return to sender...what he is understating imo is that all of these have generated monthly RSI momentum divergences.......and these are massive sell signals That is really huge when coupled the the other technical factors in play... including the FED reducing their FOMC purchases, The weekly and Quarterly 200 period Moving averages being at 30% and 44% above the index..... the emerging turmoil in the currency markets.... and the Russians preparing for war...... this blood red eclipse occurring on Tues is the start of a sequence of 4 of them that will end on Sept 28th 2015

and most everyone are going to be completely shell shocked at what the markets, the global geopolitical map and the world look like by the time we get to Sept 28th 2015

To: Return to Sender who wrote (50779)	4/6/2014 8:33:11 PM
From: Return to Sender	2 RecommendationsRecommended By Hawkmoon The Ox Read Replies (1) of 50795

RSI (14) on monthly charts above 70 is rare and associated with major market tops. Conversely RSI (14) below 30 is also rare and associated with major market bottoms. Look closely and you will see the VIX is shown versus the index in question. On most charts you will also see the SOX since it is an area of personal interest to me.