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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (62927)	6/7/2006 12:49:29 AM
From: westpacific	Respond to of 110194

One final note for now. DOW 10917 has to hold, if it does not we get see much more downside right now. Or we could begin the Summer rally as mentioned in my last post. If we are looking at the whole down move only taking 12 weeks - that would say a start in late August. So I expect some sort of June/July/August rally to start soon. For now we watch it, 10760 is major support (the trend channel bottom) and maybe we test this first ahead of the rally to come. Let the market call it. No matter how you dice it, risky market near term. Short or long. But do not listen to me, I am always wrong. :) GOLD - right on support, tons of it in this 630 area, and it has to hold. Also a big question mark for now. West

To: westpacific who wrote (62927)	6/7/2006 11:50:18 AM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 110194

Wow,that was some fortune telling tale. Where do you keep your crystal ball? The real question; at what percent do you feel comfortable being net Short either now,(mistake),or by summers end(best play if rally ensues)

To: westpacific who wrote (62927)	6/8/2006 6:38:37 AM
From: shades	Respond to of 110194

And again I have October 2006 for this low to happen. The philster believes they can hold it together until the election - don't they have strong motivation to do so? He says once the banks give up the ghost and collapse we will be looking at probably 7900 again. a Goldman boy is for this reason, Goldman is a big player on the PPT team. Philster has commented on goldman boy and ppt several times in his past few shows - agrees with your assessment - but says it won't help - the international players are tired of being suckered. I feel they will not print to the level of destroying the dollar, they are not stupid enough to lose control of the system they have built. He echoes this too. Chen says its a runaway train - out of thier control to save at this point. Philster also goes on to say this push to eliminate human market makers/specialist firms to be replaced by computers is a huge behind the scenes battle and the current boys in "power" are not going to allow this and will fight it everyway they can. He has heard talk they will crash everything before they let the reigns of power be taken away and this scares gubbment types enough they are delaying or stalling technological progress. As to holding dollars - Chen assures me things like shiny metal will always have some value - but that a dollar can go to complete worthlessness if things get too chaotic - a house always keeps the rain off my head though - something green paper and shiny coins can't do in rainy fla. In absolute chaos if you are truly a doom believe - it will have SOME value no? In the depression - houses did not fall below thier pre bubble value in aggregate. Can the same be said for tokens of exchange? I remember watching some anime - grave of the fireflies - young kid who got bombed in ww2 Japan - him and sister had to live in a cave - had no roof! Medicine and food were highly valuable to them.