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

To: sixty2nds who wrote (21582)

12/22/2018 5:06:21 AM

From: John Pitera

1 Recommendation

Recommended By
sixty2nds

Read Replies (2) | Respond to of 33421

COHU analysis and update....... still dangerous out there..... JJP

Message 319430

To: bobbyl who wrote (6627)

12/22/2018 5:00:35 AM

From: John P

of 6628

Hi Bobby,

I gave a multitude of reasons why COHU would be declining to the $15 area and I spent 8 hours with my
most excellent and valued friends, Bob and Jan Furhman.... outlining the bearish case, which hinges on the
global deflationary macro environment.

COHU and US Equities may well have an additional 50% market down coming..... AND it has nothing to
do with individual company balance sheets.

that is the very very hardest concept for even very savvy . brilliant investors to get their minds around.

John

----------------------------------------------------

Message 31832153

To: robert b furman who wrote (6600)	10/12/2018 7:49:51 AM
From: John P	1 Recommendation Read Replies (1) of 6627

COHU Comprehensive Technical Analysis we shall start with the 1 year daily price chart... Here is the one year with indicators. the key one to look at here is the one year price that the shares are owned at.... and the top 6 bars representing 85% of the trading volume of the past year is under water... most of them big time and this stock is not going to rally more than a couple of bucks without all those underwater sellers with the oxygen having left the room their eyes are popping out to get out!!!! and they will sell....... sell... sell. Here is the 5 year weekly...... This is what a weekly Price monmentum and Money Flow Index weekly divergence looks like...... that stock was the most obvious sell in the year for a few months in the $25 to it's high at $27.... Here is the the 13 year weekly with 3 of the key Fibonacci price support resistance levels.... the Key point is that Here is the 25 year chart that shows that that $27 level in August - Sept was so very juicy..... It was the 50% retracement and those looking at the big picture were unloading.... and we have taken out the .382@ $24.62, the stock will go lower. the 15.60.62 is the breast place to for a trader..... it's the 200 week MA as well as the additional the magnetic setting of the next major Fib retracement level... ulltimately COHU will resvist 15.60-.63 and $ 13.37 is THE 200 Month calculates to the the ultimate low I am expecting for COHU.... and takes you bac to support at the 5 year breakout at 13.07.... John

To: sixty2nds who wrote (21582)	12/22/2018 8:00:25 AM
From: robert b furman	2 Recommendations Recommended By John Pitera sixty2nds Respond to of 33421

Hi sixty, I've read that before and I agree. It is a new curse - the curse of ETF's and their liquidation. To me it is an opportunity to take advantage of. It has universally reduced the price of some wonderful stocks. I've moved my account around and sold some big fat juicy puts that will expire out some 13 months from now. If assigned them (and I do hope to get the stock assigned) - it'll take cash and my future dividend flow to have cash for all of them. I've sold puts on Cohu, T, and XOM. If you don't buy on market collapses when should you?? Thanks for that article . I read it before but did not save it - now I have. I think the Fed is spot on by making cash a valued asset class again. Let's face it - there are a lot of pensions out there, that need a decent return on their money. They've been ripped off by low rates for a decade - time for that to change back to normal! I think Powell knows that and sees a need for a correction. If you had debt back in 2008 and didn't pay it down - you have it coming to you now. It didn't take a rocket scientist to lock in cheap long term money over the last 10 years! Bob