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

To: John Pitera who wrote (17620)	1/12/2016 11:58:32 AM
From: robert b furman	1 Recommendation Recommended By John Pitera Read Replies (4) \| Respond to of 33421

screencast.com I think we are making a turn here that will reverse up. clx starts tailwind after tomorrow. greed / fear readings are very low with record bear %'s markets are very oversold as we end up a C wave (which requires 5 waves and usually takes longer than anyone wants to endure) Saudis were talking about a interim meeting (my bet is they have one and ask everybody "How do you like me now". Keep in mind our banking system is strong and they can will make allowances to prevent them from repoing any oil company = mergers and acquisition via prepackaged bankruptcies. The greatest pain being extracted is within the EM of OPEC. They not only have lost revenue but they have debt to repay in a strong dollars. There has to be consensus in we're all in this together - my bet is even Russia would like a stronger price for oil and their currency. When you have some one by the balls there mind shall soon follow. I can definitely be wrong but it feels very ugly here. Bob