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

To: John Pitera who wrote (17674)	1/18/2016 9:27:00 PM
From: John Pitera	Respond to of 33421

I'm pressed for time and thus can not give the proper commentary on that chart page.. It may be best for folks to examine the charts for themselves and think about what they are seeing and how it compares to the Past. we will get a chance to revisit it... moving forward. With the market oversold we could see a rally emerge at any time.... clearly the Volatility has Picked up significantly ... Yet no Trin readings over 2.0 which indicates very heavy volume on selling and the VIX readings not extreme... Brent and WTIC are in still under pressure....... Iran is putting more capacity on the market HOW THE MARKET responds COULD be a significant tell... global daily consumption can not actually be measured but some have stated it is around 90 million barrels and production is just north of it. Boone Pickens 2 months ago stated on CNBC 2 months ago that Iran would only be able to export 200,000 barrels a day.... who knows how accurate any of these numbers are... *Psychology is the most important aspect of all of these markets in the short term.* JJP

To: John Pitera who wrote (17674)	1/18/2016 9:35:00 PM
From: robert b furman	1 Recommendation Recommended By sixty2nds Read Replies (1) \| Respond to of 33421

Hi John, Great charts, Can't help but think this is so much like the 97 - 98 decline which I thought was a 4 wave and then the semis blew out a major generational distribution. The shakeout was all about currency wars - emerging market debt and the US generally had a good economy but with a lot of questions and noise. Then the runup into early 2000 was unbelievable. If you look at the late 08-09 and October OF 2011 THERE ARE MAJOR OVERSOLD CONDITIONS. I don't think we are in an 08 scenario - low growth vs hi growth lean inventories vs stuffed channels. Granted we have low demand and excess capacity globally. So I like companies with no debt and good margins with market share leadership - even if it is a small niche. Let's let the dip show us 3 waves and the companies I own will have slow growth and pay good dividends. Sooner or later debt laden companies go broke, and the conservative companies gain market share leadership. If this market is correlating with oil-_ I'm thinking were not that far off from a bottom. By the way - 2000 gave semis cheap. 2008 gave us banks cheap 2016 is giving us oils cheap Is this not the best way to build a long term dividend growth portfolio. Buy the dogs with no debt - when NO BODY wants them. Some day they'll put our picture next to Warren's LMAO Bob Privileged to see your work - Thanks for the great charts. Bob