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

To: robert b furman who wrote (16952)	4/17/2015 2:38:57 PM
From: The Ox	Read Replies (1) \| Respond to of 33421

I'm not convinced (yet) that this is anything more than the market shaking out the longs before new highs are made. Certainly days like today could be the start of a correction as the selling pressure has been steady and strong. But one of my reservations is based on options expiration games, which nearly always keeps people guessing. Once everyone came back from lunch, the sell programs hit en force!! I'm still in the camp that would need to see SPY below 204 and falling steadily before I get really bearish....maybe I'm too neutral at the moment and should be looking for the fall?