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

To: robert b furman who wrote (17991)	3/18/2016 2:51:43 PM
From: John Pitera	2 Recommendations Recommended By 3bar roguedolphin Respond to of 33421

Hi Bob, Les's thread is a tremendous resource and you are a super savvy guy who continually dig out excellent nuggets of valuable insights.. that's when you are not strike a really rich vein of really high quality metaphorical ore of great insights.... and really great stocks and then your aptitude to write out of the money puts that generate a great yield and if the stock gets put to you .... you have a ridiculously low cost basis and have been collecting premium income in the process. I have several people who a speak with very regularly and I don't want to make it sound so pretentious that "I advise" them.... because I get really great questions and ideas from them.... I should be sending them consulting fee checks. but anyway.... I have run several of your write puts to own ideas going at least back to when you were talking about RIG.. back in Oct or November.... and we were collectively really enamoured with the strategies... and many of the oil service sector companies, E and P, Upstream, Integrated, Refiners, Pipelines etc... some of us know pretty well. I knew a few of the people over at Tudor Pickering Jones and was even considered a consulting gig or Job in their institutional stock sales area back in 2008.... a friend and fellow DEKE from UT who is in a energy optimization company....had me go over and talk with them in person. oh and to your point regarding the IBB and biotech's.. they are trash based on the way they have been acting ever since they had that really insane blow off top last July 29th. and I see that crude is bouncing downward off of it's resistance as the overall market runs out of gas.. I think and fear that quite a few people are going to find out that this has been a big old bear market rally since Feb 11th...... Chip may be on to something with his ear to the ground and the possibility of a big hit down maybe globally as we head into the March 23rd eclipse...... I think that Chris Carolan's work is also flashing danger signals.... would like to know a bit more about that. I bought his book and we built an excel spreadsheet to calculate the F series dates based on the lunar months and then calculating logarithmic Fibonacci series of forward and backward time turning points based upon eclipses as well as previous time turning points. The thing with all of this information and models and technical approaches is to distill it to a KISS method and then have a solid investment system that has been robustly backtested and not overly backwards optimized.... coupled with a good entry and exit system, real smart risk management and even smarter diverse asset allocation. John