Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Pitera who wrote (9583)	6/29/2008 8:33:10 PM
From: nspolar	Read Replies (2) \| Respond to of 33421

Hi John, I think ST may have something here, and his forks support my DOW charts in #msg-24696689. This should be 5 wave down off the late May Dow highs, and might be closing in on the first leg down of that leg. A fall in commodities would prop up the general markets, but that prop will only hold for a likely bigger dump this fall. This would in reality however only likely be the first intermediate low, per this view. The real low would not come until much later, maybe 2011. I am watching financials as well. W/r to #msg-24287073; SKF appears to indeed be going parabolic. But I have had to revise my favored wave count, to that shown. I get this by looking at SKF alone (not the inverse). This is bearish, really bearish. We may indeed hit a top late this fall or early in '09; but one wave would yet remain. This infers that another shock not yet on the horizon will occur, after subslime. Credit card defaults? This view is so bearish it shakes my bones. It infers financials are going lower than low, and the world will change as we know it. I am bearish commodities here, but the events in front of us may be the catalyst(s) that will indeed turn the masses to gold. Something big is waiting in the wings. Only clues are being offered so far. imho. TF img235.imageshack.us