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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: andiron who wrote (66856)	7/24/2007 10:24:01 AM
From: westpacific	Respond to of 116555

Ran some numbers based on the chart. T.P. and a D.H. We should test 12K INDU or just above. (maybe by August end). Rally back up into the 13K area (September/October). Fall to just above 10K (by year end). Rally back to just above 11K (by May). Then the big washout to match the 397 or 402 month cycle crash - which no one or their mother is even talking about. This will be a panic sellout of the market and will break below that 10K mark. The timing may be off, but the targets are what a Three Peaks and a Doomed House would call for. Let the show begin. It is just amazing that this chart and the 397 (January) and 402 (July) month cycle tops early next year are right in line with this subprime time bomb. Simply uncanny and damn scary! 1929 crash was an ending 397 month cycle! FYI - the DJ World Stock Index put in a major topping pattern last month - monthly chart, a bearish falling three. We are near a top in the emerging markets. However, this in the face of the manipulator money men on Wall Street who can buy anything with offshore fiat......they will fight this hard. West