MARKET TIMING
    Sep 7, 2007
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Subject: Markets Timing - DJIA 13,208 dn-154 bar chart
Friday, Sep 7, 2007


Markets Timing - DJIA 13,208 dn-154 bar chart.
Note: I shall be away in Columbia from today till the 21st but may send reports from Bogotá.

Here is the bar chart and the DJIA has run to overhead resistance so due for a pullback. If you disagree, then you don't know what charts are all about so sit back and watch. Pt.and fig.chart remains in fair pattern but the Russell 2000 continue to remain low. I have very little confidence in the Hedge funds that have no idea how to manage money and will continue to cause trouble all over the global markets. They should all be jail. If this behavior had occurred in China they would all be executed. Yet another reason why China will dominate global economic growth in the future followed by India. USA step back.

US Dollar 80.46 dn-0.15, breaking down and looks like a return to 80 and below.
Crude 76.30 up+0.57 and remains strong all the while China leads the economic growth.
Gold 704.6 up+13.9 and what a breakout, and no accident here, the Dollar is dropping fast.
N.G. $5.65 dn-0.15 always moving in mysterious paths and best to avoid. Hedge funds again?

Advisors Sentiment. Bulls up at 42.9%. Bears un/chg.at 37.4%. Figs.out Sept.5th c/o Investors Intelligence at 914-632-9422, NY, USA.

Quote.
The % of bullish advisors edged higher for the second week in a row to 42.9%. That compares with 41.7% and 40.6% from the previous two weeks, with the lower figure the least bulls since August 2006. That reading was way down from the high level of optimism earlier this summer when we counted 56.7% on June 8th.
The Bears were unchanged at 37.4% for the third week in a row. This is double the very low reading of 18.0% that we saw in July and preceded the big drop in the market. The Bears are sticking to their positions and project that a market decline that will break below the mid-Aug.bottom. ***
The correction figs.have moved lower to 19.7%
Copy 2007 Investors Intelligence at www.investorsintelligence.com *** I agree.

That's it for now, I'm off till the 21st, I think.
Charlton Capital Ltd. Mr.618 looking at you.


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