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

To: Davy Crockett who wrote (15984)	5/20/2014 3:44:38 PM
From: Fintas	Respond to of 33421

Davey you are correct. I was being nice re the downside.. I have to be careful for some are not comfortable when I put up dire numbers. That is why I presented the count up from 2916-3402.. Most who understand how I think would pick up on those numbers and the count down. I just wanted to put an asterisk on Santelli's watch if the compq breaks 40xx. I forget the exact number. 4053? Those strings I use basically say THAT IS A GIVEN to GO LOWER and why I put up the 3888. That would be the last string established using 486 and 4 year time line 3 box reversal.. And as you correctly see that's nada and the beginning of what can go much lower. Now..shhh cuz I know no one reads we crazy pnf types discuss. IF they did they might understand it's not a bad method to help see things from a different point of view. Thanks for your observations.. HMM between you, chart seer and a few more maybe we could join a club and speak in code. SMILE Fintas

To: Davy Crockett who wrote (15984)	5/20/2014 4:53:08 PM
From: John Pitera	2 Recommendations Recommended By Davy Crockett roguedolphin Read Replies (1) \| Respond to of 33421

Hi Davy, I concur with you and Iso..... even in a bull market environment we should be looking for 3611-3630 ... the $RUT is definitely weak and is not bouncing. earnings have been disappointing for a number of companies and as Robert Shiller has pointed out the PE of the SPX has only been higher than it has been currently only 13% of the time in the past 30 years. And the Bubble of the late 1990's accounted for much of that time. with the Russell 2000, the biotechs and the internet stocks all showing significant underperformance. It may well be that we are entering back into a recession.. China has continued to slow and they are contracting their shadow banking system.... The EUR/USD has been so strong that European earnings are not going to be great with the EUR having been as strong as it's been. China is engaging in South China Sea expansion with them placing a large Off shore oil rig of the coast of Vietnam and have been looking to get territory back from the Philippines... Russia is gaining more ground in the Ukraine.... very interesting developments. John