Mies van der Rump Posted August 9, 2008 Report Share Posted August 9, 2008 I am saying that PEI called for an economic low in March, which in some of the indexes was the low, while the others have made slightly lower lows. The economic leader, which often times are the trannies, made a higher low in March, and an even higher one in July, and are now within striking distance of a new all time high, as we are in the time window for the PEI recovery into April 2009. So given the uncanny accuracy the PEI model has had, I am willing to entertain the idea of an election run recovery that lasts until Sell in May and Go Away time next year.... In order for this to happen, we need to hold the recent lows, as HUGE pivots have now been set. We have a slew of triple bottom formations in various stages of devlopment, and since they tend to be exceptionally bullish patterns in a bull trend, I am watching to see if they hold, as triple bottom breaks can be exceptionally bearish. In any event, I do think the trannies are going to lead to the upside, should we make the run into 2009. Other indexes may lag badly, just as there was a mixed bag at the 2000 top. I still expect major new lows in 2011. Also, Armstrong doesn't expect Armageddon type depression to start until 2032, when the 310 year cycle that last toppped in the 1720's peaks out.... who knows about this stuff, but it has enough direct hits to interest me....and I am a big believer in cycles of all types.... Is that clear? 679358[/snapback] FWIW, which isn't much considering i am not much of a prognosticator...mentioned it a couple of times but, ass blast into next year and final dump in late 2010 is precisely what i've had on my map since late last year using a number of different exotic tea leaves. Not necessarily preferred or expected, but boy it sure has been playing out so far. Lord knows how it could possibly happen, but new highs even come into play. Heck, by the time the election rolls around i could see a 150 SPoo points just on a capital gains relief rally if McSame won the election. This whole thing is just so bizarre. <edit>: yes, i said "heck" Link to comment Share on other sites More sharing options...
Drano Posted August 9, 2008 Report Share Posted August 9, 2008 FWIW, which isn't much considering i am not much of a prognosticator...mentioned it a couple of times but, ass blast into next year and final dump in late 2010 is precisely what i've had on my map since late last year using a number of different exotic tea leaves. Not necessarily preferred or expected, but boy it sure has been playing out so far. Lord knows how it could possibly happen, but new highs even come into play. Heck, by the time the election rolls around i could see a 150 SPoo points just on a capital gains relief rally if McSame won the election. This whole thing is just so bizarre. <edit>: yes, i said "heck" 679376[/snapback] Link to comment Share on other sites More sharing options...
Peek Paper Posted August 9, 2008 Report Share Posted August 9, 2008 This is how I see it: Dollar up. Oil down. Gold and metals down. Housing down. Shtocks up today but still in downtrend. Credit contracting. No wage pressure. Layoffs. = DEFLATION The Dollar may be the canary in the coal mine aftrer all ... Link to comment Share on other sites More sharing options...
cwd Posted August 9, 2008 Report Share Posted August 9, 2008 Euro weekly with HUGE break off the da top...I think there's a good chance we see at least the .382 retrace of the whole move up on this move, and it could happen in a matter of weeks.... 1.30 is a long way down at 100:1 679338[/snapback] A.382 retrace of the DX move from 01-07 comes in aboout 91.92. A big move from here. Link to comment Share on other sites More sharing options...
unSane Posted August 9, 2008 Report Share Posted August 9, 2008 What I see is cash desperately looking for a safe home (and not finding it). Link to comment Share on other sites More sharing options...
MrHanky Posted August 9, 2008 Report Share Posted August 9, 2008 What I see is cash desperately looking for a safe home (and not finding it). 679383[/snapback] That pretty much sums it up Link to comment Share on other sites More sharing options...
Peek Paper Posted August 9, 2008 Report Share Posted August 9, 2008 What I see is cash desperately looking for a safe home (and not finding it). 679383[/snapback] Cash is its own best investment. = DEFLATION Link to comment Share on other sites More sharing options...
unSane Posted August 9, 2008 Report Share Posted August 9, 2008 Cash is its own best investment. = DEFLATION 679385[/snapback] ayup Link to comment Share on other sites More sharing options...
cwd Posted August 9, 2008 Report Share Posted August 9, 2008 Well I think we can safely say that Uncle Buck has cleared the 72 MA on the weekly USD/CAD chart.... Anyone notice even the slightest similarity to the GBP chart from 1977? Dollar shorts, ye been warned..... 679340[/snapback] I can't paste the charts,but the .382 retrace of the 01-08 gold move comes in at 724. We are already half way there. Link to comment Share on other sites More sharing options...
Brick Stoolhouse Posted August 9, 2008 Report Share Posted August 9, 2008 I can't paste the charts,but the .382 retrace of the 01-08 gold move comes in at 724. We are already half way there. 679388[/snapback] If my memory serves me correctly (which it rarely does) didn't gold and earl get smacked right before the 2006 Senate elections (from Aug-Oct) and didn't they blame it on hedge fund blowups?Can someone post the charts of gold and earl for those timeframes.Thanks Link to comment Share on other sites More sharing options...
4shzl Posted August 9, 2008 Report Share Posted August 9, 2008 Keep moving. Eyes front. Nothing to see here. Add to those oil shorts at will. Pay no attention to the propaganda of the rebel bandit running dogs in Georgia. Fighting reportedly raged well into the night with Georgia's interior ministry saying early Saturday that warplanes attacked three Georgian military bases and key facilities for shipping oil to the West. PoxNews Link to comment Share on other sites More sharing options...
Charmin Posted August 9, 2008 Report Share Posted August 9, 2008 I'd think if the big Dow head/shoulders neckline area is going to hold, then next week's 200 point move higher should quiver a bit. http://www.StockSharePublishing.com/ChartL..._1218255033.png Link to comment Share on other sites More sharing options...
cwd Posted August 9, 2008 Report Share Posted August 9, 2008 If my memory serves me correctly (which it rarely does) didn't gold and earl get smacked right before the 2006 Senate elections (from Aug-Oct) and didn't they blame it on hedge fund blowups?Can someone post the charts of gold and earl for those timeframes.Thanks 679389[/snapback] Link to comment Share on other sites More sharing options...
roxy Posted August 9, 2008 Report Share Posted August 9, 2008 Cash is its own best investment. = DEFLATION 679385[/snapback] Money market or st treasuries or well protected CD - even better Link to comment Share on other sites More sharing options...
cwd Posted August 9, 2008 Report Share Posted August 9, 2008 If my memory serves me correctly (which it rarely does) didn't gold and earl get smacked right before the 2006 Senate elections (from Aug-Oct) and didn't they blame it on hedge fund blowups?Can someone post the charts of gold and earl for those timeframes.Thanks 679389[/snapback] Link to comment Share on other sites More sharing options...
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