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

To: Chip McVickar who wrote (18898)	3/28/2017 8:52:16 AM
From: John Pitera	Read Replies (3) \| Respond to of 33421

Hi Chip, You were right there on the spot with your change in trend window and it certainly seems to have merit as the market appears as it will have to go through a multi week.... maybe 5 or more to reset the market. And if we do not see Tax reform or more constructive catalysts then we are going to have a see- sawing year. Kudos for the heads up... and many thanks for it... The monthly chart pitchfork off that low - with an origin of 1010.91 July 2010 with the forward spread has carried the market... Each bar is contained by this pitchforks tines for months/years - even the long Jan-Feb bars of 2016 held on to the lower tine A 1.618 off the 1010 low is exact... at 2375.61 Furthermore - another pitchfork off the low of 1820 in Oct 2014 - with the forward spread is very active Look for a return to its median line. Finally I expect April-May and August 2017 are windows for directional change. No crash in 2017--- but that peak of Mar 1--- has to be taken out cleanly and forcibly to change my mind about its being a significant long-term high. If we behave ourselves could we have you post the long dated Andrews Pitchfork you are working with.. thanks for the heads up John