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


To: mishedlo who wrote (71774)11/28/2007 2:42:12 PM
From: Secret_Agent_Man  Respond to of 116555
 
does that 9.5% take into account for the 12% depreciation of the dollar?



To: mishedlo who wrote (71774)11/28/2007 2:48:46 PM
From: westpacific  Respond to of 116555
 
INDU 14021 tops in the 1Q 2008......

That will complete the 3PDH Pattern - and the timeline for it fits the March to June 2008 window.

This is pure reaction to FED speak today. We will see sideways to downward action once it dies down.

Potential retest of lows....then we start the rally into March back to the above level between March and June.

FED and assorted other players, even Japan will provide the liquidity. Then that will fail.

Patience. 34 year long bull markets take time to top, even in the face of just incredible negative news. Highs are in for the market, the topping started in June/July 2007 and will take almost a year to finish.

Those trying to time the top via shorts will also add to the fuel.

We have seen the highs for decades going forward. DECADES.....America will not be the same for a long, long time. Trust has been destroyed. She will survive, but it will change, and let us hope that it does - for the future generations and our planet. The model is very broken.

West



To: mishedlo who wrote (71774)11/28/2007 3:31:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 116555
 
The DOW at 15,000 would be that much more overvalued.

That is nothing new. I have seen some grizzlies say that the Dow at 400 (no typo) will be overvalued! And there are some Robert Prechter types who say we will get to 4000... some day. They have been saying that for 10+ years now. They are not changing their minds either!