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

To: The Ox who wrote (17565)	1/7/2016 10:15:48 PM
From: John Pitera	3 Recommendations Recommended By 3bar Hawkmoon The Ox Respond to of 33421

The Broader Market is weaker than the largest Market Cap stocks. The Russell 2000 has had it's Moving Average Rainbow roll over..... in 2011 we had the 2 year note down at 15 basis points, ZIRP and aggressive Quantitative Easing... The 2016 story is global currency wars and the Massive Global dislocation of having Crude Crashing so dramatically. With emerging market currencies really careening lower.. the price of Crude, Commodities, precious metals and everything else... all of them have more for Brazil, Russia... The work has been burning through a couple of trillion of dollars of currency reserves and Reduced Stock Market Capitalization. The Broader Indices are weaker than the SPX with it's Market Cap Weighting The NYSE has shown it can go below it's major uptrend line.... The market is very good at showing trend line breakouts and breakdowns that are false tells. And the stock market has been in a regression to the mean change trading most of the past 18 months. The NYSE has the greatest volume concentration on this 10 year chart between the 7727 50% retracement and the .382 retracement at 8560 The NYSE has also had it's Moving Average Rainbow roll over JP

To: The Ox who wrote (17565)	1/7/2016 11:36:55 PM
From: John Pitera	1 Recommendation Recommended By The Ox Respond to of 33421

Ox, Long Term SPX and DJIA..Month... from 1925 to 1982.... It gives an interesting perspective on things. The debasing of the currencies and debt creation does keep Key asset prices going higher. The averages are deceptive due to survivorship bias and other idiosyncrasies.. It all starts with the Currencies since that is how we keep score. some unique charts..... JP

To: The Ox who wrote (17565)	1/8/2016 8:45:45 AM
From: John Pitera	2 Recommendations Recommended By isopatch Ron Respond to of 33421

Hi Ox, here is the the 90 Year SPX chart Log scaled with major trend channels The SPX is pretty much right in the middle of the very long term trend channels. Peter Lee chief technician at UBS has a long term chart something like this that he has in his 30 page PDF of charts and analysis each month....... JP

To: The Ox who wrote (17565)	1/8/2016 4:13:46 PM
From: Doo	Read Replies (1) \| Respond to of 33421

Your questions don't form part of the internal dialogue I have as a trader. It's a picture. I trade pictures, and don't really care about what might be 'the harm' or the like. That's not to say your questions are not good ones for you, or for many others, or that I am right or you are wrong. Just irrelevant - to me. I think that picture created by Chip's old chart paints (as he painted it many, many months ago) presents opportunities, simple as that.