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


To: John Pitera who wrote (17469)12/15/2015 8:20:13 PM
From: John Pitera2 Recommendations

Recommended By
Hawkmoon
roguedolphin

  Read Replies (2) | Respond to of 33421
 
Natural Gas 25 year Monthly and Weekly charts..... the RSI indicators are the lowest they have been over the entire time period which illustrates the depth of the bear market and should make long term contrarians excited over the ability to pick up cheap assets during 2016. The monthly RSI down at 23.70 is very impressive from a historical perspective.

xxx

JJP



To: John Pitera who wrote (17469)12/16/2015 12:53:31 AM
From: The Ox  Respond to of 33421
 
Not only luck but mostly I think I may have been the beneficiary of pretty good timing back in 2009. I remember being amazed by how strong the market was in the face of a relatively weak demand environment. Too many shorts got "shafted" saying the same thing.....demand says the market should fall.... As you have pointed out and it's nicely documented here....I was not the only one who thought we were at a top in the crude markets back then!!!

So many different factors in today's market place. More and more I don't trust the "trend" and that's not how someone who trades for a living feels comfortable, to say the least.

What has made me the most "uncomfortable" is that I still lean toward being bullish on US equities, for the most part. Not blindly but it seems too many companies have been "discounted". Their futures cast aside because of the massive negativity pushed daily by the "mainstream" press.

No doubt we'll have some fun the next few days watching and reacting to the FED!!!!