Note: E-mail ref.# 790 Sat.7.50pm Sept.1st 2007.
Markets Timing - DJIA 13,357 up+119 bar chart.
Note: I plan to go away on Friday 7th til Sept.21st. Will make an effort to update in Columbia, Bogotá. We'll see, never done before.

Last Mkt.Timing was for the S&P500 Aug.28th. Bar chart 1987 to 2007. Bar chart here, this time, and it rise and falls making lower highs and lower lows. That is a down trend pattern. P&f pattern looks like it will reverse down again. Max.rise on this move is 13,600, but is at resistance now, at the 50dma at 13,441 and the day's intraday high hit 13,428 so that is about it. Sell something, go to cash. Bush and Admin.wish to get into the subprime mess, by helping the dead that got loans that died five years ago. Re-read 'Quote of the Week" Mar.21st and the line was:- "For the last 5 years you could be dead and get a loan". dated Mar.07. Downside target 13,000 this time for the DJIA, as it looks ready to drop again.

US Dollar 80.82 dn-0.04 and hit a high 80.86, close to the 50dma at 81.04 and trying to go higher. See last report dated Aug.30th.
Crude Oil $74.04 up+0.68 has turned bullish as it has run above all three moving avg. I track. The 50dma at 72.76, is now below the close of $74.04. Bullish S.T.
Gold 681.9 up+4.4 is looking better up from $677 last wk.and volatility is slowing up. P&f has a triple top at $685, coming in the fourth time, looking to breakout for $700.
Nat.Gas. $5.42 dn-0.17 continues to fall like a stone with no reason it should. Where are the Wall St.analysts to explain it all. Last high hit $7.25 just two wks.ago, dn-25%. N.G.report on the web dated Aug.29th, take alook. So oversold, but no buy pattern yet.
Advisors Sentiment. Bulls up to 41.7%. Bears un.chg.at 37.4%.
Figs.out Aug.29th c/o Investors Intelligence at 914-632-9422, NY.USA.

Quote:- There was little change for the sentiment over the week as markets staged a rebound from their lows shown early on Th.Aug.16th. There were slightly more bulls at 41.7%, compared to 40.6% ago. That was their lowest level since Aug.2006, and reflected a sharp decline from their recent peak of 56.7% on June 8th. 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 markets reach their highs or lows. The new bulls thought the markets has a clear bottom and buying was in order.
The Bears were unchanged at 37.4%. That is a large increase from July when we saw two different wks.with the Bears at a very low 18.0% reading. Those were two year low levels. The advisors calling for a correction moved lower to 20.9%, from a drop to 22.0% last week and 32.6% at the start of July.
Copy 2007 Investors Intelligence at www.investorsintelligence.com

Note: Posted for Aug.on the e-mail subs.27 reports, on the free web, 9 reports but the main items. Am planning to post all the reports on the web and for payment too. Comments? 954-781-1605.

Finally, Florida property market is sinking like a stone.

Warning, you invest at your own risk,as this business is for the casinos boys.
Charlton capital Ltd. Mr 618 here.