CRAWFORD'S AUGUST LETER
VITAL SIGNS
Those who used the DJIA stoploss are back in 200% SHORT o the drop to 10,700 (hourly print
basis) on Monday, May 24, with a new stoploss at 11,500 (closing basis). Those keying off the
S&P500 Cash have remained 200% SHORT without interruption as their stop is at 1520. LOWER
THAT STOP NOW TO 1420.00 (closing basis).
We believe that the Greatest Crash of This Century has begun and that the next 30 days will bring
financial meltdown to a large portion of earthly kingdoms. Based upon unwieldy debt structures and
aggravated by Y2K fears and breakdowns, ? the god of War will reign at will.?August 2, 1999 Vol.
99/08
AND NOW, WE PRESENT ?THE KING OF THE MONGOLS!?
Last month, our headline bespoke:??THE FINAL TOP IS NOW!? We then proceeded to give numerous
indications from Technical Market Analysis why this could easily be so, including Breadth Statistics failing
repeatedly, Put/Call ratios at the lowest level in 9 years, and ARMS or TRIN Index, and other Sentiment
measures commonly followed at multi-year extremes, Since July 16, the Dow Industrials have dropped
554 points or about 5%; the S&P September Future is now down about 7%; the NASDQ around 8%. The
Dow Jones Transportation and Utility averages did not budge on this final rally in the Majors. The Utility
Average broke its June low last Thursday and the Transports are holding barely above theirs (a down hour
could easily take it out, adding another nail to the coffin).
The NYSE Advance-Decline disparity has deepened to levels seen only in 1929 and 1973-74, but then,
almost ALL measures of Value and Sanity that have EVER existed have been superceded in this Incredible
Mania! Take notice that the Average Bear Market returns Price/Earnings ratios to around 6-10, currently
35 on the S&P 500. The Market has not broken a previous yearly Low in 16 years. The fact that these
statistics do not strike fear in Investors and Money Managers alike is symptomatic that the Old and Wise
are has-beens. How do you think they got Old and Wise? By losing fortunes in their 20?s & 30?s and
learning how to CUT LOSSES! A completely NEW CLASS will soon have the opportunity to become
OLDER and WISER. Isn?t LIFE GRAND?!
?And there shall be signs in the Sun, and in the Moon, and in the stars; and upon the earth distress of
nations, with perplexity; the sea and the waves roaring; Men?s hearts failing them for fear, and for looking
after those things which are coming on the earth: for the powers of heaven shall be shaken. ?And take
heed to yourselves, lest at any time your hearts be overcharged with surfeiting, and drunkenness, and
cares of this life, and so that day come upon you unawares. For as a snare shall it come on all them that
dwell on the face of the whole earth. ?Watch ye therefore, and pray always, that ye may be accounted
worthy to escape all these things that shall come to pass, ??
Hey, it may be OLD, but it sounds appropriate to the Here & Now! Especially with the NOSTRADAMUS
quatrain: ?In the year 1999 and seven months (old style), From the skies shall come a great King of Terror,
to raise again the King of the Mongols (China?), Before and after, Mars (God of War) shall reign at will.
Maybe he was referring to the NATO Terror destroying the Chinese embassy, and arousing their dander.
Most analysts believe it is linked to the SOLAR ECLIPSE and GRAND CROSS of August 11 (Mars actually
completes its contact with the Eclipse on August 13). However, the strongest moment for Major Accident
or Outright WAR is Saturday, August 7 where the third T-Square forms with Sun opposing Uranus, both
Square Mars. These aspects are in extremely tight orb of only 7 minutes of arc (less than 1/12 of one
degree) and occur within 4 hours of real time! EXPLOSIVE!
In addition, a new book and web site by John Mini call attention to the 13 th as a most critical
End/Beginning in the AZTEC calendar for which those indigenous peoples have patiently
waited for several centuries. Remember the market TOP in 1987 came on a 5-planet conjunction
that was a most important date in the Mayan Calendar. Then comes another Grand Cross on
August 16-17. We have not contacted ANY researcher who has ever seen a Double Grand Cross
in ANY of their research data. These patterns are unprecedented in all of recorded history and
through major instability, will rattle the foundations of Nature and Society.
Needless to say, we will remain 200% SHORT during all these pyrotechnics, and hope that we can at least
protect ourselves and clients from the most wrenching of what appears to await our collective
consciousness!
WAKE UP EARLY AND AVOID THE RUSH!! |
