The beara ruff ruff ruff times report:
From the previous post, you can get an idea of what a deflationary depression can do to an ordered society.
Think it can't happen here. The world has a 50 day food supply.
The new era computerized inventory just in time inventory systems have companies running lean and mean, maybe too lean and that may make it very mean. Still think Buffet's betting on holding physical silver?
Now on to today's market. We are flat for the month beginning 4/15 to 5/15, just gyrating around this spinning top that came down to a point today in the spx and the daq.
The Dow is another story, the Dow is in an ascending triangle with flat tops in the 9216 area and rising bottoms 8840, 8960, 9088. This pattern is much more bullish than the broader market, indicating that as I posted about a week ago, the DOW leading the charge to the peak and the other winners would be highly speculative stocks, nets, biotechs, and penny stocks.
A chart of the SEA composite index shows a double bottom today, so we should have a relief rally for another week or two, relieving some of the bearish news out of Asia for now, this is an ABC correction bear rally which will result in a further decline.
We are heavily oversold on the McCllelan Oscillator and have held above the left and right shoulder support at -100, I'm looking for the Oscillator to break into positive territory early next week and we should get a 200-400 point rally within one to two days. Greenspan will not raise rates Tuesday with SEA falling apart and that day would be the most likely candidate for the largest rally day - flip your caps backwards and step to the plate.
remember get physical like Warren Buffet, get some canned foods, and pray a lot, the water is filling the engine room as we speak (a/d line is blowing chunks big time)
bwdik,
bobby b |
