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

To: Hawkmoon who wrote (17206)	8/27/2015 1:39:59 AM
From: John Pitera	1 Recommendation Recommended By Hawkmoon Read Replies (1) \| Respond to of 33421

Hi Hawk..... The state of the global energy industry coupled with the Yuan , the Brazilian Real, the Indian currency.. the Russian Rubble..... are under intense pressure .. China has much much more devaluation of the currency to go..... So many US companies have been using financial engineering to meet their numbers.... The Global Central Banks with the endless rounds of QE, asset purchases..... Trillions of Paper creation....This is really got me thinking this looks like some type of Frankenstein bookend to the CDS/CDO....... debacle which was the Great Financial Crisis of 2008...... 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.. I agree.... I assume we've all seen Tobin's Q chart marketwatch.com theglobeandmail.com John