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

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To: austrieconomist who wrote (72165)10/17/2006 3:18:20 AM
From: westpacific  Read Replies (1) of 110194
 
Remember Market Crashes Happen in October.

With this precipise Kitchin in play it could happen, or it could not....but risks are very, very high.

Watch for a RED close Tuesday, if we get that we will have two bearish three formations in this recent rally. On the DOW and the NASDOG. Very negative.

Get long here, forget it till November at the earliest.

DOW 12250
NAS 2390

These are tops for now.......market gonna correct soon, does not mean another rally is not in cards but to buy in here is pure insanity.

The FED now needs to create CONSTANT inflation, that is why whenever this market is close to a breakdown like last July/August the new market control team snaps into action. Once this market finally does break down hard, it will be on the back of some very ugly event, unforeseen.

West
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