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Strategies & Market Trends : Longer-Term Market Trends

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To: Galirayo who wrote (986)6/21/2008 12:41:44 PM
From: illyia  Read Replies (1) of 3209
 
There are Always pivot points, Galirayo. You just have to find them. I have a daily saved with lower degree pivot guides tracking the entire up from the Oct 2002 low... Really fascinating!

I have not looked for those guiding this down - yet. But I will, after I set up the deck and paint the railing.... Ugh.

I suspect I would have to use a very many "extra bars" forward stock chart... like, maybe, years... to find them. I also suspect that hyper-inflation will have us touch the 15,050-15,250 mark before all is done with this leveraged world of future borrowing.

And no, I do not think that first S/R down (around 11,700) will hold. Nor the one below (at approx 10,500). But I think that the 9700-ish one might.

There are rumors about Treasury Bonds soon to flood the market. They are valid rumors from credible sources. It has to do with preventing "systemic crash" by paying off those who currently own USoA. Of course, this will not work.

If you (or anyone) hears anything about a "flood" of Treasuries of any sort or denomination - please PM me.

illyia
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