Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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From: westpacific	8/6/2007 1:07:54 PM
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C took out critical support until they bounced it today. For 8 days now it has traded right on and around this support at 46. If if breaks under 41 we are talking bloodbath in the works. Also BSC breaks 100 we are talking someone knows something. One of the big five could fail. BSC, MER, GS, LEH or MS......if one does we are talking the biggest crash in a century. Could it happen, do not count it out. Right now is the time to be building or having already built high cash levels with a short hedge. The coming week or two should complete the technical picture. near term. We either have a two month crash (right here and now), and I am not just talking the 20 to 22% correction we will have anyway. Much bigger. Or we are going to grind to the low over the next 14 months. Will update going forward. West

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