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

To: The Ox who wrote (16827)	3/17/2015 1:35:41 PM
From: Fintas	1 Recommendation Recommended By toccodolce Respond to of 33421

Those majors in OIL carry a high weighting. So that would not surprise me. What I focus on is what the many other indicators are suggesting while looking at that bp spx which I am on record had little chance of retesting the 82 above.. could try for the recent 58 but more than likely will come down to the 48/38 where it stopped on the drop to 1820....Then after any bounce to the 25/16/12.. That's a long ways from the recent 73 ish. NOT OVER NIGHT.. And in steps because so many have made commitments to 2500, 2000. Once that 1944 goes. I'll be sitting back reading the conversation re 1890/1820. On an aside there's a bp prec gold on that same site in that same post IF one is a GOLD LONG.. They should take a peek. Fintas