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


To: John Pitera who wrote (17527)1/5/2016 11:53:13 AM
From: isopatch1 Recommendation

Recommended By
John Pitera

  Respond to of 33421
 
Very good post. Kudos.

Iso



To: John Pitera who wrote (17527)1/5/2016 12:30:50 PM
From: Fiscally Conservative2 Recommendations

Recommended By
John Pitera
sixty2nds

  Read Replies (1) | Respond to of 33421
 
Well it would make perfect sense to me that should we see an entire equity landslide in the general markets
it would provide the necessary criteria for a oil to put in a bottom.
Since I believe the markers will correct in 2016 I would Short Oil on any major spikes
which we should get this month.

All my opinion



To: John Pitera who wrote (17527)1/5/2016 1:13:10 PM
From: The Ox3 Recommendations

Recommended By
isopatch
roguedolphin
sixty2nds

  Read Replies (2) | Respond to of 33421
 
There are a few analysts out there who are predicting $20 crude prices (most notably from GS), so the Elliott wave lows would coincide with these as well:

.... and that number may be 24.50 or even several dollars lower..... If that is the outcome..... we'll see it with in the next 3 to 4 months....