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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: UncleBigs who wrote (55108)3/3/2006 4:29:16 AM
From: westpacific  Read Replies (4) of 110194
 
March Update, DOW going parabolic......13,234?

Target July 2006 give or take.

Targets:
12,136 Minimum
13,234 Maximum
Target - 12, 685

I reworked my cycles hard over the past week. In 1929 and 1987 we had parabolic moves just ahead of massive down moves.

As long as an uptrend channel stays unbroken between now and July this is a given.

The Nasdog may go nowere - 2334 is my upside target even with this run, just look at AMZN, YHOO etc. and the carnage in tech will continue into this ramp.

Patience building too big short near term, the closer to these targets build into the top one and make a killing. (short gold miners NOW)

Will update via charts on the blog for any interested.

Near term downside targets - will look at these once the parabolic breaks down.

As for the downside in the future, DOW 2,115 to 4,230 and NASdog could go down to 389 to 778.

Good Trading,

West
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