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

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To: UncleBigs who wrote (72622)10/23/2006 10:56:26 AM
From: westpacific  Read Replies (4) of 110194
 
12250 to 12650 tons of room there.

I put out a chart back in March detailing this.......on my blog.

Patience, we are topping near term.

But for now every new high makes a great evening news headline for the Republicans.

And sucks in the retail investor ahead of the next profit downturn. They have to distribute to someone!

This is almost funny now.

And besides, only the TRAN matters...... can they take out the double top high put in back in late May and again in early July. THIS IS ALL THAT MATTERS NEAR TERM! The TRANS has now hit the overbought levels those tops met before turning down!

West
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