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

To: Don Green who wrote (19653)	8/3/2017 11:17:43 AM
From: The Ox	1 Recommendation Recommended By John Pitera Read Replies (1) \| Respond to of 33421

All stock markets going up. No worries anywhere in the world. Nothing to see, don't linger, move along.....<g>

To: Don Green who wrote (19653)	8/4/2017 6:37:07 AM
From: John Pitera	2 Recommendations Recommended By Don Green The Ox Read Replies (2) \| Respond to of 33421

Hi Don, I would ideally like to see the stock market have a really strong 3 or 4 weeks and get everyone really bullish heading into August 24..... or even Sept 3rd.... the higher the climb the bigger the check back to trend. My cycle work and several systems that I use have been strongly suggest to me that we skew the 7th year decennial pattern several weeks to the right and it I would love to see a really strong rally over the next 3 to 4 weeks to really get everyone leaning to one side of the boat. If we don't get that it could mitigate or lessen the pull back. Congress just went on August recess until I believe about Sept 4th. You know they have gotten nothing accomplished. The market will penalize them if they do nothing on the ACA, tax reform and the tea party wing and some of the fiscal conservatives are going to really create an issue regarding debt ceiling increases which is an October project...... Is this one of the reasons that the US has been so persistantly weak..... this year? short term I think we should be able to get the SPX up over 2500.... that will really get the professional community, the public and every me excited...... So Ideally, I'd like to see the US and oversees markets ramp up into Sept 3rd of so. that is my perferred scenerio. However, for Investors who are not traders.... I believe it's very prudent to be looking to raise cash as I believe the risk reward ratio is going to afford much better prices by the time that Oct - November rolls around. Here is my SPX chart with several of the Fibonacci Fractal price projections on it. You can see the fractal advance from the 11/04/2016 low of 2068 low on the SPX ( which was the SPX closing right at it's 200 dma just prior to the presidential election and then the straight line advance into november 25th 2016 at 2201.25... that fractal advance yielded the 1.618 fractal price extension line at 2426 and that area acted as a magnet and the SPX could never fall appreciably below that area before advancing even higher. As you can see looking at the GANN square of 9 Calculator 2426 was the exact 270 degree red box level that was generated back in March of 2009 when we made our low of 666 on March 6th. I don't see why 2506 should not be an area for prices to graviatate to, and I would love to see us get to the SPX 2586 225 degree line on the Square of 9.... that's likely to be to ambitious. As we both know from experience, you can see explosive and powerful price advances and they often set up a more meaningful price checkback. The USD's persistant weakness has been a really interesting occurance.... at least as impressive has been the supurb strength in the EUR/USD, the EUR/GBP why is 16 important..... why does a ruler break down into 1/4 inches, 1/8ths and 1/16ths. There is a reason. Regarding the unemployment numbers.... I think it's widely know that we have been morphing into a so called "Gig" economy, where more and more people have Jobs by the Gig, such as Uber... The unemployment numbers do not accurately reflect unemployment, underemployment.... and related situations. We have almost made it through our 1st week of August -g- John