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

To: Rarebird who wrote (5782)	7/2/2010 6:02:08 PM
From: westpacific	Respond to of 26251

China will lead the next downturn and at some point in the coming few years I expect the Shanghai Index to trade below 125... The massive, near complete Megaphone has completed the 3D and only has one of six setpoints left to complete, the E below 125. (Dubai times 1000...Chanos) Short something China and just forget you hold it for awhile. The coming US takedown on Precters count of this Wave 3 down is below 1000 going into 2011. My count is in the 3000 to 4000 area (Oct 2011 projected low or end to current Kitchin Cycle), perhaps a spike down to hit the Precter count, anything can happen. July 26 or 27th expect a MAJOR event to unfold. Will be my only post in July... Wishing all a great 4th and remember those that fought tyranny and fought for the rule of law...and still fight for it today. West

To: Rarebird who wrote (5782)	7/5/2010 6:44:52 PM
From: Larry S.	Read Replies (1) \| Respond to of 26251

Rarebird, I respect your knowledge of the markets and technical analysis but I would like to understand the basis for your projection that the dollar will rise and the POG will fall. I hope you have time to explain and enjoyed your Fourth of July at the beach. I can understand that the value of the dollar, as defined by the DX, can rise --- the EURO can drop in value faster. But, with our very large and increasing debt, our currency must be reduced in value to make the burden of the debt manageable. I would think you would agree that, while one might dream of our growing our way out of the problem, in the real world, devaluation of our currency is the only solution. If our currency must fall in value, won't gold increase in value. Please tell me what I don't understand. Larry