The Epic American Credit and Bond Bubble Laboratory Message Board

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

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To: bart13 who wrote (89359)	12/4/2007 6:24:30 AM
From: westpacific	Read Replies (1) of 110194

Why is no one discussing this? Utilities broke out to a NEW ALL TIME HIGH yesterday. 537.52 on close. 537.12 old high back in April 2007 Short this market! Not on your life. What this is telling me based on DOW THEORY think is that we are not even close to a market breakdown yet. Again, market low target was for December 3rd, however Bradley data is calling for the 22nd. So a potential retest of the lows in the next 2 or so weeks is possible. Then get long and stay long till March. This indicator is BULLISH as it gets. Until Utilities break down this market does not break down! Utilities went from 418 to 186 from 2001 into 2002! West

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