Markets Timing - DJIA 13,947 dn-74 p&f chart.
Note: I am back for business and my web site is finally getting updated. And the e-mail service is going well, 27 for Aug.

The drop in rates was not expected, and so the DJIA took off and this chart below shows the action that still continues to be bullish to date.
DJIA hit a new intraday high yesterday at 14,166 Tu.Oct.2nd and today has reversed down 3 srqs.to maintain same pattern of the first up leg. Looking at the lows and highs lately, mid mth.to mid mth.there is a good chance that we may see a high in mid Oct.too. Watch to see if this occurs.

Advisors Sentiment
Sept.19th. Bulls up at 53.9% vs previous week at 48.3%. Bears 27.0% vs previous week at 31.0%.
Sept.26th ( my birthday ), Bulls up to 55.6% vs 53.9% previous week. Bears down to 25.6% vs 27.0% previous week.
Figs.c/o Investors Intelligence at 914-632-9422, NY, USA.

Quote:-
The % Bullish advisors is now 55.6%, up from the previous 53.9%. That was the 5th week in row with higher levels, and the Bulls are rallying from a low at 40.6% Aug.17th. That is a quick 15% jump in a small time frame reflecting the compaction of the record trading. Years ago, it would take months for that type of move.
The Bears were down for the 3rd week in a row to 25.6%, from 27.0% last time. Just before that the Bears were at their yearly high at 37.4%, which held for three weeks. That was more than double the low reading for the Bears of 18.0% that occurred last July, just below the final market top.
The Advisors calling for a correction moved down to 18.8%, from 19.1%.
Copy 2007 Investors Intelligence at www.investorsintelligence.com

US Dollar 78.29+0.37 is now so over sold it has broken below channel support line, and hit a new low at 77.66 and no let up in sight. This is an indicator that Fed.Ben.will drop rates again next meeting. Weak dollar support s Crude & Gold. US exports will benefit such as BA and CAT.

Crude Oil $80.05 dn-0.19, coming off a new high at $83.76. Fell one more box on the p&f chart and my target S.T.is at $75 level support. But watch the dollar.

Gold $736.3 dn-17.80 reversed dn 4 sqrs.on p&f chart that looks like the makings of a S.T.top and rt.on my target this rise to $735 and a major resistance.

N.G. $7.43+0.38 has at last caught up with all the other commodities with a jump lately and like the others, is reflection the very weak US Dollar.

Iraq War costing billions a day, is no doubt the main reason for the weak dollar. The costs are off the ledger and all wars weaken the currency and always results in inflation. Remember Germany's war machine build up to 1939 with massive inflation, that was one reason why they marched into Poland.

E-m goes out rt.now for e-mail subscribers and posted on the web at a later date.
Charlton Capital Ltd. Mr.618 here. Questions anyone?