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

To: John Pitera who wrote (17969)	3/18/2016 10:58:00 AM
From: The Ox	Read Replies (2) \| Respond to of 33421

I would suggest there's a very strong correlation between IBB and the RUT in the same fashion that we have a very strong relationship between WTIC and SPX. If your comments that RUT is the key, well, it's very important that the IBB start to show some strength. I would note that the BIB a different biotech tracker has finally seen it's RSI(14) fall below 30, which is often where the signs of a washout start to show. I made a note around June 1st of last year to watch for one last move of the RSI over 70 as an indicator that shorting biotech would be a possible call. With the opposite now possible going forward....watch for signs of strength going forward but be patient..... until such time that a reversal looks like it's taking place. Message 30085149

To: John Pitera who wrote (17969)	3/18/2016 11:08:52 AM
From: Chip McVickar	4 Recommendations Recommended By Blasher Hawkmoon John Pitera The Ox Read Replies (1) \| Respond to of 33421

dollar looks to be holding the 33% line within the dominant pitchfork and how it's held the minor yellow forks lower tine rsi basing - cci reversed - trix over-sold my guess the 33% line will hold and we go up after the 23 of March some 1.618 extertions off those forks come in early April stockcharts.com SnP pitchfork is a thing of beauty one gap is closed one in view and the upper closing daily reversals are in focus... my guess higher into the last week of March take out the reversal close at 2078 and a pull back to 33% line before making all time highs stockcharts.com I personally don't believe that gold has any monetary properties or influence or is a store of wealth at this time in history. Especially if the central banks are headed towards electronic currencies. There fore it has no predictive value to markets or currencies A commodity to be traded on its own merits. Dollar still holds its traditional value as the reserve currency -- BUT Oil is being sold outside of the dollars value in increasing quantities and also pegged to the Euro, etc Therefore don't you think... these traditional correlations are becoming more difficult and less reliable...? But I suspect you're watching these developments already.

To: John Pitera who wrote (17969)	3/18/2016 11:49:42 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 33421

Did you ever read Adam Smith and his "Wealth of Nations"...? en.wikipedia.org How about Arnold J. Toynbee -- the British economic historian and philosopher of history I did in high school and college -- wrote a lot of papers based on his work on cycles en.wikipedia.org I believe their work will become more valuable in the future of economic thinking I also suspect the present economic fathers (Austrian and Keynesian) to sink into oblivion and disrespect as they're work is proven to be a wayward mistake along the path to economic stability.