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

To: richardred who wrote (19349)	6/6/2017 12:31:27 PM
From: John Pitera	Respond to of 33421

Hi Richard, A significant amount of the wall street community are aware of cycles and and financial astrology, Art Cashin drops oblique references to them, as do a number of other people who have followed the market for longer. J. Pierpont Morgan had a woman who was employed as an astrologer. There are many people who are aware of astro, but it's like using a group of technical indicators on a stock or an index. They suggest possibilities and yet work differently at different times...... as well as it gets more complex, where there are natal charts of the inception of a stock, or an institution such as the FED, or the date of the Brenton Woods conference and then or the day that Nixon closed the Gold window, the date of the Plaza accord in 1985. and then Progression charts are run to see where the planets north node and elements are in relation to the date of inception. What also can be done is to take a key time turning point such as the March 24th 2000 high in the SPX, or the March 6th 2009 low in the SPX at 666.79 and then use that as a key point and look at how the astro wheel was set up on that date and run progressions and transits on it. Just as it is highly useful to use that as a point to do forward, Fibonacci price extensions and progressions in both price and time, GANN forward price and time techniques. There are all other people who have additional systems that have been developed with the use of computers that learn by inferencing, and other machine learning concepts. many people on SI have posted charts with multiple indicators and /or reference fundamental, geopolitical, military , put/call ratio's and data points and after having studied the market for quite a while they have seen how things behave.... Bob Furman has a highly respected system that was shown to him by Tom Drake....he says that This post describes the calculation and links to calculating it. Still printing record lows and suggestive to me we are in a recognition wave - the likes we've never seen - good to be long !! This is an older post,but if you have interest - I'll update the numbers as I calculate it daily - I find it very useful. It is the product of the put call ratio times the VXO then added together for a rolling 5 days. It was shown to me by a gentleman who learned it from a commodity trader. It is an old timing assist. It is not by any means perfect - but I find it helps filter out the fear and noise that is so often out there. Mid thirty is a very low number and a short term top that will roll over. 110 - 120 is scary bearish bottom and due a bounce (if viewed within an impulsive up wave). 140-150 can be a bearish bottom of declining corrective wave within impulsive up wave. Really bad major bottoms can get to 230 - 250s the numbers can both be found at this link: cboe.com yesterday's calculation was : 1.19 x's 22.67 = 26.98 the last four days before that were 19.05 19.35 27.60 27.22 26.98 rolling 5 day total = 120.20 past periods of a 2cs that high were February 11th this year @ 148.65 and January 13th this year @ 152.92 Also high numbers in Sept of 2015 9/29 2 155.06 and august 27 2015 @ 203 Were not there like those 4 days yet but it keeps everything relative in my mind. Here's a chart of the SPX highlighting the referenced 4 high 2cs days screencast.com Hope it helps and Thanks goes out to Tom Drake for being kind enough to share the thought process! I've done it for several years daily and find it very helpful in filtering out the noise. Hope it helps Bob ...... in the book of Ezekiel , which Bible study fellowship now spends an yearly semester studying, 36 weeks, there are 3 different classes of astrologers..... maybe we should call them astronomers. Possible DJT's wife Melania can carry on in Nancy's Reagan's tradition... Melania does speak 5 languages and so she has an expanded world view, because of where she was born and lived... prior to meeting DJT. *I absolutely agree with your Essential assessment that the Left is scared to death that Trump can create 3% GDP and even see a few prints in the 4.0% area.* great insights, John