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

To: Chip McVickar who wrote (17940)	3/16/2016 1:22:54 PM
From: robert b furman	Respond to of 33421

Hi Chip, Great info. aydis below -3 on a ten day average = buy hole. We had that in 1/20 and 2/11 which I think was a iii wave end and the v wave end of a very long abc corrective going back to July 2015. If that is true, then this move up is young and subject to a corrective wave that could retrace almost all of the up move. Needless to say that will lather up the bears. If this is the epicenter of a recognition wave all/most surprises will be to the positive. I've sold puts and have the cash to accumulate good solid dividend payers for a long term tax efficient revenue stream. Jan and are now retired - I need to plan dividends that will substitute for my pay check. It looks now like I will be selling 2-3 of my 4 dealership interest by March - April. It has been a long exit plan and I'm really not sure how to approach the liquidity event. Have some good ideas but first it must happen. Please do not spread that around as it is not yet completed but if all goes well in 3 weeks it will be on at least 2 of the 4 stores. If it does happen - I'm going to put on my blue jeans, plant a garden and not change my style - except worrying about where to park that much money. Would love your thoughts. Bob