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

To: orkrious who wrote (63530)	6/13/2006 12:31:09 PM
From: ild	Respond to of 110194

Date: Tue Jun 13 2006 11:52 trotsky (believe it or not) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved there is one piece of evidence that says that this correction was actually a wave 2 ( which implies a wave 3 up is coming next ) . that is the fact that traders have been MORE bearish than at the beginning of wave 1 - this is one of the MAJOR tenets of e-wave theory - at the low of wave 2, market participants are usually more bearish than at the beginning of wave 1, even if the wave 2 low is higher. this is the case in terms of gold advisor sentiment as well as Rydex pm fund sentiment. and it sure would be the LEAST EXPECTED outcome. Date: Tue Jun 13 2006 11:28 trotsky (Bleuler) ID#248269: Copyright © 2002 trotsky/Kitco Inc. All rights reserved "Aided by surging tax receipts, President Bush may make good on his pledge to cut the deficit in half in 2006 " there's not even a hair of a chance for that if the stock market continues to plunge. almost the entire gain in tax receipts is due to income generated by stock market gains. also, the further stocks fall, the closer Bush comes to the impeachment stage ( when presidents do illegal things nobody gives a damn as long as the social mood is positive - for which the stock market is the barometer - but when it turns negative, the offender falls. see Nixon for an illustration of this principle ) .