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


To: robert b furman who wrote (21123)7/31/2018 2:08:18 PM
From: Fintas1 Recommendation

Recommended By
toccodolce

  Read Replies (1) | Respond to of 33421
 
AHH AMAT. I remember when I spoke with Louis Navalier and he told me it was going to 12. I was loading up in the low 20's and before it ran to it's peak at that time of the equiv of 460. BUT.. it did drop and it did take it's time to turn to eventually turn up to take out the previous highs. BUT would I be buying AMAT today. NAH.

However, there are those I will BUY.

As for the keltner and bollingers. I don't follow them that closely simply because I learned long ago many indicators can be unreliable.

However, I do see what you present in both directions re the SPX.

I temper it with what it means to me.

Given my age I had no problem kicking out BAC/MSFT/CAT this year into highs at the time. None have done too much since then. CAT is way off it's highs..

And GE the selling began in 2016 in the 30's. Ya got to be careful always looking UP. The flip side is that was then re GE and now is now.

SOXS. AHH I'm all over it in the 9's. I'll buy buy buy if I can grab it cheaper. However I expect 14.58/19.44 and then?

When I get a moment I'll peek at KMI, HCP and T. Re T aka SBC I don't understand it's sum of it's parts as I used to and that would cause me to be cautious as some things can take a while to reap the rewards. We are seeing that with GE at this moment.

Be well.

Fintas