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

To: The Ox who wrote (19654)	8/4/2017 4:54:23 AM
From: John Pitera	3 Recommendations Recommended By Don Green roguedolphin The Ox Read Replies (2) \| Respond to of 33421

Hi Ox, This is a PM I sent to a freind..... It's the second half that does not talk about the personal topic we are discussing. I am getting very, very exciting about what I am seeing in The major global asset markets..... we are going to have some very exciting times in the next 90 days. I have never been interested in UXVY and always felt it was a waste of money...... and I am just starting to get interested in maybe putting a very small asset allocation in it..... look at all of the volume coming into this ETF..... is the the dumb money or the Smart Money? It might just be some smart money showing up in this recently You have never, ever seen me even contemplate these typical value traps. Skinowski has sent me a post with the seasonal pattern for the 7th year of the decennial pattern on the option thread..... we may skew a few weeks to the right and it's possible that we might hold up into August 24...... but we are on incredibly borrowed time for a really significant check back to trend in the US stock market . I can easily see a 17.5% to 23.5% decline..... that is pretty swift. charts.equityclock.com The DJTA lead us on the way up and it's already checked back to it's 200 dma with atrocious Money Index Flows and below average volume the past week as it's gone back to it's 200 dma....... there should be heavy buying if investors are loading the boat for the next round of advance I am also unimpressed with the 15 year Weekly chart of the German DAX, the weekly RSI moving average crossover system is in a sold sell signal and it's pretty amazing how oversold the Full Stocastics has achieved.... One of the many things I am watching closely. The DJIA is creeping higher and higher in a negibile way every day... generating a news mention on all the nightly national newcasts and in the general media and the Trump administration has been tweeting and lauding the rise in US stock prices way to much...... It feels so obvious that they are tempting fate. Especially with the complete absence of any legislative action or accomplishments on anything!!!!.... I am looking forward to what I believe is going to be a very exciting and riviting 3 months to come in the stock market and all of the Global Asset markets. And am looking forward to having more time to comment much more actively on various market trends, turns and developments...... I am pretty highly confident that this is the quiet before we have quite a dust up this Sept -Oct . I am definitely looking forward to working with you bouncing ideas around and I will be looking to do much more detailed technical as well as fundamental anaysis. I am a big believer that it's possible to follow larger global asset flows in the key asset classes The EUR/USD has had one heck of an impressive rally and when you look at the longer term charts there is not that much trading that took place from the 1.15 to the 1.40 level You know the EUR/JPY was trading at 1.70 back in 2006 and basically went into a massive free fall that took it down to 1.20 as we had the GFC of 2008. The currency markets and the interest rate differentials are the starting points for the global flow of funds into all the other global asset markets. and after several years of seeing interest rate differential largerly compressed so as to not impact investing they are now springing back to life on a global basis and it's going to quite an education for a new generation of investors. So many thanks for the book. I have it in my drop box and downloaded to my harddrive. I have a business associate who I work closely with and I have passed it along to him. my very best regards, John