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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (50797)	4/13/2014 10:19:40 PM
From: Return to Sender	1 Recommendation Recommended By dealmakr Read Replies (1) \| Respond to of 69966

Oh dear me John. I personally believe that a lot of events are simply used as excuses for what simply has to happen. Since 1929 there have been 14 bear markets. On average one every 4 1/2 years. These periods of fear are always preceded enough gains in the market that it simply must revert to the mean. Of course I actually believe that somewhere along the line the S&P 500 must again assume a single digit P/E ratio. At any rate the market is due for a pullback. The last high two Fridays ago had less than 6% new highs on the NYSE. An excellent indicator of poor participation. How are getting those longer term charts? Mine only allow me to go up to 20 years. Thanks, RtS

To: John Pitera who wrote (50797)	4/13/2014 10:38:10 PM
From: Return to Sender	Respond to of 69966

The actual damage that has already begun shows up in such a fashion that it cannot be denied on the Nasdaq monthly chart: You must have a more expensive membership than mine at StockCharts.com? I can't even select a quarterly period on my charts. Oh well... we are basically on the same page. I just think that while fear will always result in selling that the media must assign a reason to while it is happening that it's always a cycle of greed followed by fear. The little guy is left holding the bag. It's happened again with the more speculative stocks in the market that retail investors have been gobbling up. Volume on the Nasdaq is much higher than on the NYSE on a relative basis due to the handing off of shares from institutional investors to the little guys hoping too late to make a big score. RtS