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

To: stuffbug who wrote (16346)	12/14/2014 12:04:56 PM
From: Fintas	2 Recommendations Recommended By Davy Crockett toccodolce Respond to of 33421

STUFF BUG.. You'll get that 1937.. IT many not close there initially on the weekly. I agree with you there could be a bit of a rally this week. Doesn't matter to me for after any rally 1890 and 1836 are coming. They will close under 1900 on a weekly. Whether that's in DEC 2014 or Jan 2015. BY then many will be caught in the lights.. as they realize.. CHIT. I notice humble flipped from his down counts to now up counts. I suspect at some point he'll be flipping down again when it's required. He's entitled for he's a trader. I'm just some dumb long trying to see out 3-5 years. And for MANY equities it's not going to be fun. MORE importantly for MANY equities the highs they are seeing will be highs not seen again for many and for a decade for others. OH what a Debbie Downer I am. NO.. I remember DEC.. I remember MERILL.. I remember MAXTOR.. and many many more that have either disappeared due to merger or other. I also remember those that never had a chance to regain their highs. I also remember many that are still no where near their all time highs Whether it be JDSU, GLW, FNSR etc. And MS SPX can come down and stay in a range for a long long time if the BIG D takes hold. Thanks for putting up your work. I read you where ever you post. Fintas