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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To: TobagoJack who wrote (67318)	8/9/2007 12:40:50 PM
From: westpacific	Read Replies (1) of 116555

We have three crash technicals in play............... 1) Thanks to Jim Stack at Investech, very smart team. The Negative Leadership Index, dropping from 0 to -100 in just 9 days. Only happened 2 times in 40 years, one in 1973/74 the early stages of the bear market and the other in 1987 in the six days leading up to the crash of 'Black Monday' investech.com 2) A perfect Three Peaks and a Doomed House finish, we tested it to a 'T' yesterday on the INDU high. These patterns lead into market crashes. 3) Kitchin/Wall 9 is at a finish. These always end in BIG market corrections. There are others, but these are the three strongest. 20 to 22% correction before we have a safe market to invest long. Load shorts, cover if we close over 13700...... West

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