Note:
E-mail ref.# 789 Sun.11.05pm Aug.19th 2007.
Markets Timing - DJIA 13,079 up+233.
Having fun in these crazy markets? For good guidance take note here.
First, due to the fast rate at which the markets are moving this month, either
side of Aug.12th, 0.618 thru.the year of 225 days is no accident. Also, the "7th"
year of the decade, the market takes a crash, and it has arrived right on que.
This report, as usual, will be posted many days late due to difficulties. If you wish to get
all my e-mails immediately, please request and call me 954-781-1605. FL.USA.
Last report, dated Friday 17th then at 13,049, with a pt.& fig.chart that had hit the
resistance at the 45 degree rising line. Friday, options expired and by the p&f chart,
the DJIA should go lower this week , and least back down to 12,700.
US Dollar 81.40 dn-0.35 has hit it's resistance and is hastily retreating. Aug.12th
report wrote:- "US Dollar 80.70 is holding firm and rising slowly".
Crude Oil 71.82 up+0.95, oversold but holding fast and it looks like it will rise from
here. Main reason, hurricane Dean and the US dollar in retreat.
Gold $666.8+8.8 chart, but Hong Kong 11pm at $653. Very jumpy, difficult to trade.
Reversed up+3 sqrs. and looking good. Fed.Res.expecting more inflation.
Nat.Gas $7.12+0.11 and holding very firm. Further rise projected. Aug.12th report
wrote:- "$6.57 very bullish and has made a breakout over 28dma at $6.42".
To trade N.G. go for UNG which I trade. Sold close to $45 Fri.pm.
Silver, Plat., and Copper, turned bearish and broke down below L.T.rising 45 line.
Advisors Sentiment. Bulls same at 43.8%. Bears up+32.6%. Figs.out last week
the 15th c/o Investors Intelligence at 914-632-9422 NY, USA.
Quote:-
The Bullish advisors were unchanged at 43.8% on a weekly basis, but there were a few more Bears.
The big market drop has scared the newsletter writers bought to drop them all the way down to
current readings from 53.9% from three weeks ago.
The Bears increased to 32.6% from 31.5% last week and just 18.0% three weeks ago. That was the
fewest Bears since July 2nd 2004 when we counted just 17.7%.
Those classified in the correction camp fell to 23.6% from 24.7% last time.
The recent peak for the Bulls was 56.7% shown on June 8th.
Copy 2007 Investors Intelligence at www.investorsintelligence.com
Warning! This business is not for Investors but traders and casino players. U-have been told.
Charlton capital Ltd. Mr 618 at your service.
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