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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (5619)	4/23/2010 11:49:21 AM
From: westpacific	Read Replies (1) \| Respond to of 26251

Based on the Wall Cycle count we should be seeing the down move starting soon and taking us into the end of May, early July timeframe. Target of 9400 works very nicely based on Broadening Top pattern and a key weekly DMA. It really feels like big distribution with all these selloffs and bounces last few weeks. Then we should start a new Wall Cycle and bounce back into the 10700 area at best to test the Dome Roof overhead. This top and coming bounce should now start the new down leg in the bear market. Going to be a long and slow grind down with pops back up to trendline along the way... However with the Arch May to November call of the end of civilization anything could happen along the way...do not be caught long during this period! Seeing a lot of talk on a rally in China; based on the Broadening Top Shanghai having completed its 3rd top requirement having a hard time with that...the TRIX Weekly has crossed under just like it did for the 2007 top and this is major bearish! And I laugh at this home sales headline today; prices are going so much lower; Real Estate Cycle low should come in 2033! If you pay cash for your home better than fiat in the bank. A primary home is never an investment! At best a shelter and hedge. Better if it has water source and big garden to grow things. Maybe the surge is Greeks; Spanish and Chinese buying knowing their cash may soon be worthless! West