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

To: John Pitera who wrote (17217)	9/22/2015 11:51:51 AM
From: Chip McVickar	Read Replies (1) \| Respond to of 33421

Hello John - Yes, if the oil price stays low [$20-30-40] for an extended period.... by this is mean many years... the leverage used by oil companies will basically require long-term national security issues and a bailout... which might look like a Freddie and Fanny type intervention. This is an intuitive thought not totally from deductive reasoning. Yes I employ various measures of time... the squaring of it and the 1.618 of it's passage as well as the golden mean and its spiral. All basically in-conjunction with the Andrews Pitchfork. But also use conventional highs and lows time projections and 1.618 price moves. They're very accurate... as I've proven... time after time I've always been surprised no one has ever asked me to provide them for a fee. <chuckle> Today --- price hit a 2 hour chart median line and at 10 -11:00 am est - I've projected from many days back a window for trend reversal... we'll see if it holds. If not we'll be looking at 16000 for the dow. Best to you John - Chip