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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (8429)	11/19/2007 1:09:25 PM
From: nspolar	Read Replies (2) \| Respond to of 33421

Are you calling a top then? The top callers are still missing in action(imo). Is this then a good sign for da bears? Imo it is also likely that this move down will stop the general indices somewhere around Oct/Nov '06 area, plus or minus. This will be just enough to leave us guessing. If they go much further than this, there will be little doubt. Wood wrote a decent piece on Dow Theory, just to remind us of what it actually means. gold-eagle.com I will also add that IF this is a Big Top, this downward move will go a long ways and go lower than the '02 lows. It will last for 5 yrs or so. I do not think we will know this for certain until late next year. Such a move however will be highly deflationary, and we will probably then see the 30 yr. go to 3.5 % or so before it bottoms. Yum Yum for refinancing again. I believe we are still within a global deflationary environment. The nacent inflation we have had is a precursor of what is coming, when the switch is made. The LT chart of the 30 yr rate is something. When it turns up, it will do so for a long time, and will eventually hit new highs. Maybe many of us older geezers will be dead by then, dunno. Gold may likely put in its best performance with a rising dollar, as opposed to a falling one. Volker will be missing in action.