Note: E-mail ref.# 790 Sun.3.15pm Aug.26th 2007.
Markets Timing - DJIA 13,378 up+142 p&f chart.
Note: I wrote this report Sat.and the comp.went weird, I shut it down so writing it again.

Once again like clockwork, the US Fed.and World Banks are bailing out the crooks of Wall Street and the expense of the investor. Last occurrence was the 9-11 NYC attack. But US property values are sinking fast with no let-up in sight, for another two years,
DJIA closed Friday 13,378 with a jump of +142 and the pt.& fig.chart shows for now, the market drop has been halted at every one's surprise. Just a few days ago, Uncle Ben said he is concerned for inflation, only to drop rates a day later. We will have to watch this guy, he has a habit of changing his mind in 24 hours. No confidence? Pt.& fig.chart shows us the whole story, as the DJIA brokeout, on the upside and has now put the bear out of reach S.T. I guess the upside target will be a return to 13,600. Am not expecting any new high as the Member firms and their non-transparent hedge funds will continue to lose billion. Their math wizards who set up the comp.trading programs have found to their horror, they no longer make money but the opposite. More billions will be trashed out of the window on Wall Street in coming days.

US Dollar 80.68 dn-0.45 is going lower and will get back down to the lows at 80. Good for Gold that jumped. Coming off last high at 82.13 mid Aug.
Crude Oil $71.09 up+1.26, jumped as the US Dollar took a bath, but it has only got as high as the 14dma, that is at $71.26 so remains in a downtrend below that price. Pt&f chart remains in a bear trend S.T.and all three moving averages 14,21,28,are dropping.
Gold 677 up+9 looks to run higher but is having trouble unless the US Dollar falls more.
Nat.Gas, N.G. $5.74 dn-0.11 has just about crashed from $7.25 to $5.65 low Friday. for a drop of $1.60 or 23% in six trading days. That has to be a drop, for the Guinness Book of Records as this once again proves that "supply and demand" is not why prices rise and fall, at least not in the short term. Looks like the Hedge Boys are back in a panic to raise cash, or short for the cash credit to support all their subprime loans. What a mess!
Advisors Sentiment. Bulls dn.to 40.6%. Bears up to 37.4%.
Figs.out Aug.22nd c/o Investors Intelligence at 914-632-9422 NY. USA.

Quote:-
Advisors showed a further reaction to the market volatility over the last few weeks, with the Bulls moving down to 40.6%. They were 43.8% the previous two weeks and are now down 16% from their recent peak of 56.7% on June 6th. That peak in optimism occurred about six weeks before the all time market highs. That is typical action with the advisor extremes most often in place well before the market reach their highs or lows.
The Bears rose to 37.4%, a big jump from last issue's 32.6% reading. These are large increases from June, when we saw readings of 18.0% and 18.9%. Those were 2-year low levels. The latest increase for the Bears is an ongoing positive development, but their still rising numbers suggest the averages may be due for another test of their lows.
Advisors calling for a correction dropped to 22.0% from 23.6% a week ago.
Copy 2007 Investors Intelligence at www.investorsintelligence.com

Note: Will post ASAP on the web as every needs Market Timing at www.markets618.com
Charlton capital Ltd. Mr 618.