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

To: Hawkmoon who wrote (17656)	1/15/2016 12:44:15 PM
From: The Ox	Read Replies (1) \| Respond to of 33421

While we are likely be approaching a bear market, I consider this a correction....

To: Hawkmoon who wrote (17656)	1/15/2016 4:14:14 PM
From: John Pitera	1 Recommendation Recommended By Hawkmoon Respond to of 33421

Hi Hawk, you are absolutely right. tom McClellan was on cnbc on wed. and he had an interesting outline of price action for the year... He was talking about a low in the second half of Jan. a counter trend rally into Feb ... I think he said late Feb and then more downside and a significant buying opportunity in Oct - Nov.

To: Hawkmoon who wrote (17656)	1/21/2016 2:08:11 PM
From: isopatch	4 Recommendations Recommended By 3bar Hawkmoon John Pitera rayrohn Read Replies (4) \| Respond to of 33421

We know oversold extremes can generate strong counter trend rally. But, when you encounter a series of, deep, prolonged, oversolds over a 6 month period? The most important takeaway, in my experience, is your getting repeated confirmation of the primary downtrend. Very deep oversold in August plus this, most recent, one are doing exactly that. The primary trend is yet to bottom. All IMHO, Isopatch.