The coming US dollar crisis Message Board

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Strategies & Market Trends : The coming US dollar crisis

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From: westpacific	7/22/2011 8:03:10 AM
	2 Recommendations of 71475

Three Peaks in play on SPX? If so plunge next week as the House has completed. Another trader I respect has a different count taking SPX to 1515 by October; I disagree with his count based on the Domed Roof overheads in play on many major markets, the top curved Dome just does not fit with this number. A break below the 1249.05 area and his count is wrong. A break above 1370.58 then his count is truly in play! That would call for a rally to 1440 to 1460 area then just the grind sideways for the House to complete into the 1515 area. Also GOLD showing a similar pattern with yet a little more sideways grind to play out, first the 24 at 1460 to 1470 level; the bounce for the 25 back to 1570 and then setting up for a bigger plunge with the low projecting 1300 area. Perhaps a chart if this looks like in play; we should know within the coming week what SPX is telling. So we have topped out and rally over; or one last push up into the Fall... This is all so futile at times since the great war is going to change life as we all know it. W

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