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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (7890)	10/7/2002 9:57:05 PM
From: SOROS	Read Replies (2) \| Respond to of 89467

More from the Golden Doghouse: "S&P dropped below the CRITICAL 800 neckline today closed at 785 the Mother of ALL Head & Shoulder's Bear Pattern now IN FORCE TARGET = 450-500 see the SPX chart from Friday, where Puplava identifies 800 level as the line in the sand financialsense.com see the John Murphy article, discussing the multiple H&S patterns looming over US Major Indexes gold-eagle.com we have broken the 900 SPX level in July we have bounced off 800 during August we have kissed 900 from below (SHUTTING THE BACK DOOR) it was a deep wet kiss, since we actually got to 950 now we have broken below the July lows, making fresh lows LOOK OUT BELOW, GONNA BE A LONG DEEP SLIDE expect numerous significant USGovt response actions the PPTeam will be working overtime this autumn they may prevail in spots, but definitely not in time their unstated goal is to prevent the Real Estate bubble bust they must ensure that the RE Bust occurs last I think it is hopeless once again, as on Friday, TBonds did NOT benefit from the flight from stock issues the greatest danger now is from foreign abandonment of USTrez securities also, a very nasty counter-force is at work Asian central banks are resisting with all their might any local currency devaluation why would teetering Korea want it? or Japan? a shitty little currency is essential for export economies which ensures prolonged US Trade Gap imbalances, or worsening imbalances, AND continued US Economic distress BUY GOLD, BUY SILVER, KICK ASS and thumb your nose at MANAGED ECONOMY EXPERIMENTS"