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

To: The Ox who wrote (17864)	3/8/2016 6:54:19 PM
From: John Pitera	2 Recommendations Recommended By 3bar Hawkmoon Read Replies (2) \| Respond to of 33421

Japan is a very perplexing situation all around....... The 10 Year Japanese Government bond keeps lower and lower into deeper negative yield territory The USD/JPY.... the Yen is continuing to appreciate against the USD and the EUR. Here is the Japanese Yen Chart as the CME futures traders see it.......viewed as the inverse of the interbank market. Here is the post I had from Feb 7th when the Yen was just appearing as if it wanted to break out. Message 30448123 The YEN has major long term support at the 80 area... it has broken above it's 200 DMA, pulled back to it and now appears to be breaking out of the ascending triangle it's in...... additional notes on the chart. and the post just preceding the currency post regarding The Japanese Negative rate situation. Message 30448097 ------------------------------------------ Global Bond Rally Near `Panic' Level With Japan Yield Below Zero by Kevin Buckland Wes Goodman February 8, 2016 — 7:09 PM CST Updated on February 9, 2016 — 2:34 AM CST bloomberg.com Sovereign bonds surged, sending *the Japanese benchmark 10-year yield below zero for the first time*, as investors seeking the safest assets gorged on government debt. ----------------------------------------------------------------------------------------------- and the EUR is sitting in the middle of it's trading range much as the USD index is.... the EUR/USD will probably get some direction based on what Mario Draghi comes up with on Thursday. John

To: The Ox who wrote (17864)

3/9/2016 5:10:54 AM

From: John Pitera

2 Recommendations

Recommended By
3bar
roguedolphin

Read Replies (1) | Respond to of 33421

Lot's of talk this morning about this being the 7th anniversary of cnbc's Mark Haines call of the start of the Bull Market and the Low price of the Great Financial Crisis...

My anniversary of the call was 2 days earlier on Saturday March 7th..... I sent out a few emails, although not to Haines.....

and I did make a mistake it was a .618 retracement of the 1987 low .....not the 1982 low.

Rick Zabel, (stoctrash) Joe Sekely my Dad and I were pretty sure it was a major low.

John

Message 25473946

To: Stoctrash who wrote (12090)	3/7/2009 8:34:16 AM
From: John P	Read Replies (2) of 17870

SPX long term chart with Fibonacci retracements....... notice that the SPX low has been within 2 points of SPX 664 which is the longer term .618 retracement from the 1982 lows. John <img src="http://ih.fotothing.com/82419.jpg"