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Technology Stocks : Max90's LINK STORAGE to stock quotes -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (3816)	11/23/2008 12:38:15 AM
From: Crimson Ghost	Read Replies (2) \| Respond to of 3906

This guy (who has been pretty good of late) agrees with TSR -- we are nowhere near the final bottom, but are due for a nice bear bounce. We now find ourselves in a catastrophic Bear Market, Grand Supercycle degree Wave {IV} down, which is correcting a Bull Market from 1718, before the United States even started. We show this degree labeling in the big picture chart on page 13 in this weekend's newsletter to subscribers. How do we know this? Because the S&P 500 fell to 752 Thursday, below the closing low the market formed at the bottom of the Bear Market in 2002. It means that low in 2002 was primary degree wave (4), that prices have now fallen below that bottom, which means the rally from 2002 to 2007 is a completed primary degree wave (5), which is all that was needed to complete a series of larger degree wave fives, supercycle degree wave (V)'s top, and Cycle degree wave V's top. This is not good. It means there is a very high probability that we are going to see new lows far below Thursday's 752. This hurricane is not over, not by a long shot. However, the good news is we are about to enter a period of relative calm, the second phase - a rally/sideways phase - to this three phase Bear market. This Grand Supercycle wave {IV} down is correcting centuries of rally very fast, and furiously. Time-wise, it may be relatively short compared to other Grand Supercycle waves, but damage-wise, this Bear Market is going to change the world as we know it. Give yourself the investing advantage, with a 5 months for $99 subscription special at www.technicalindicatorindex.com Hurry! The Dow Industrials rose 494.13 points Friday, closing at 8,046.42. The Industrials are down 2,204 points, or 22.8 percent since Election Day. The S&P 500 is down 266 points, or 26.5 percent since Election Day. The HUI Amex Gold Bugs Index meteored higher, up an amazing 27 percent in just one day, up 45.84 points Friday, closing at 212.85. Check out our new Thanksgiving Day Specials, good through Sunday, November 23rd, including an 18 month offering. Best regards, Robert McHugh, Ph.D.