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

To: John Pitera who wrote (17197)	8/26/2015 5:56:26 PM
From: The Ox	Read Replies (1) \| Respond to of 33421

I think 1550 is the easy target solely based on the chart's history. I have some reservations that the market will fall that far but it is certainly not out of the question.

To: John Pitera who wrote (17197)	8/27/2015 12:39:23 AM
From: Hawkmoon	2 Recommendations Recommended By John Pitera kimberley Read Replies (2) \| Respond to of 33421

The magnitude of the decline means that there is a lot of resistance at previous (broken) levels of support on the SPX.. And I think, given that Evercore just stated that they believe China's GDP growth is now Minus 1%, that's going to mean more devaluation for the Yuan, and a higher US Dollar, which will put a crimp the profits of US internationals. Personally, I think we're looking at serious correction territory.. Based upon the SPX quarterly, anytime we have two black candles, it leads to a retrace to the lower Quarterly Bollinger Band over the next year or so.. bigcharts.marketwatch.com We'll have to see.. Hawk