Carl,
You wrote: "David....all my targets have been met from our Aug. 24th messages...I have reversed engines at 1000."
Boy, that sure was conventional wisdom today, wasn't it? :o( I fell for it too with about 50% of my schtuff, and covered most of the rest near the close.) The busting through of 963 was astounding to me, as it was the last ditch target in the current series that predicted a short term reversal/rally from today's lows.
The next set of targets I see, which are SUPPOSED to be for the entire move off the Spring/Summer topping process, are set down at 887 SPX/ 6800 Dow. If they fail to hold, we may have to find us a new country to live in... One that has Gold as its financial Basis, not worthless paper backed by corrupt politicians and 6 Trillion Dollars in Debt (Only 6T, if you're willing to overlook other obligations, like Social Security, Bank Deposit Insurance, Pension Fund Insurance, Securities Insurance, Unemployment Insurance... Etc,etc, 50 Trillion more wouldn't be stretching it too bad.. would it? ).
And hedge funds made money shorting other currencies? Just wait til they start going long gold and short the dollar! That elephant will make a crater the size of Texas when it hits the ground!!
Regards,
David |
