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

To: The Ox who wrote (19669)	8/4/2017 12:21:46 PM
From: Don Green	1 Recommendation Recommended By John Pitera Respond to of 33421

Being rigid or stubborn is no way to trade or play the markets. Regardless of how much emotion is being taken out of the market by algos and program trading, momentum is momentum. It's the pendulum that swings in both direction. It certainly can swing higher and longer in any one direction than most would believe but it will eventually take some time to swing in the opposite direction. OX Totally Agree! Don

To: The Ox who wrote (19669)	8/4/2017 1:08:26 PM
From: John Pitera	Read Replies (2) \| Respond to of 33421

Hi Ox, the destabilization of the legislative and executive branches of our government is going to people reading this in November and March of 2018... and they are all going to be saying ....... of how obvious it was.... and it's so obvious that this type price decline was baked into the cake. everyone who wants to understand the markets... as a part of their on going education should watch the 1998 movie Rounders with Matt Damon and Edward Norton............... and watch it once every 2 months for 2 years and that is one part of a course on developing the ability to see tells in the market, as well *as aspects of mass psychology.* If the market backs and fills over the next couple of months then we will not see the a bigger slice of price corrective activity. As we all know and have discussed the market is a discounting mechanism and each and every day it provided additional forward guidance of what it will do based upon how it behaves. *No one has mentioned that as Mueller pushed up the heat on Trump and his financial holdings and dealings.* *Any one of us would divert the attention by making a major hit on North Korea......... The leader of North Korea has a fatalistic aspect to his persona........... I am a demigod and he is looking for an Apocalyptic situation to unfold there and the US will need to take very dramatic action to forcibly neutralize / disarm him. Joe Kernan commented 2 days ago that if North Korea got an ICBM with a Nuke that hit the US.....* *and he was talking Alaska / Hawai that it could cause a 50% stock price decline.* and if the NK could land a 3 stage ICBM into Silicon Valley and SF.... that would really rip the face right off of stock valuations. How realistic is that ..... what % can we assign......... *none of us have security clearance to know.....* I do know that it was already 2 years ago that that the N Koreans successfully launched a 3 stage ICBM that functioned properly.... it was substantially discussed in the media.... but in today's world there are *100,000 data points a week that are significant.... depending on what your area of specialization is.* *Multi-disciplinary students have the biggest caseload of items to stay abreast of in all of history.....* No doubt about that. John