Markets Timing - DJIA 14,066 up+91 p&f chart.
Note: This report is e-m out immediately to Subscribers, later web site.
Last M.T.report was dated Wed.Oct.3rd then at 13,947.
I wrote then:- "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"
That day the DJIA was dn-79 but up+6 and up+91 last Friday, a new
intraday high at 14,169 just above the Tu.intraday high at 14,166.
DJIA this week,as stated above, will hold up another week at least then
get back to my e-mail service and shall forecast the next move.
Pt.and fig.chart reversed up+3 sqrs and looking bullish to say the least.
I have no upper target, last one was 13,900. We got there last time so how
about a double top ? Chart is bullish, don't take your eyes off the charts.


Advisors Sentiment
Figs.c/o Investors Intelligence at 914-632-9422, NY, USA.

Quote:-
Optimism continues to rise with the markets. The % of investment advisors who
are bullish reached 56.5%, up for 6th week in a row. That is up from 55.6% last
week & a low of 40.6% on Aug.17th.
The Bears declined for the 4th week, to 25.0%. That is down from 25.6% last week
and their recent high of 37.4% at the end of Aug.
The remaining advisors are classified as correction & they moved lower at 18.5%.

Copy 2007 Investors Intelligence at www.investorsintelligence.com

US Dollar 78.31 dn-0.10 and hit a new low at 77.66. This new low indicates that the
Fed.Boys will cut rates again next meet. No rally in sight until after the move.

Crude Oil $81.22 dn-0.22, holding up well as the US Dollar falls off the cliff face.

Gold 747.2 up+3.40 and hit a high $755.70, remains firm as the US Dollar sinks.

N.G. $7.07 dn-0.34 is covered by a new report send out e-mail today. Read it.
I wrote last wk.Oct.3rd M.T:-. "Iraq War costing billions a day, is no doubt the main
reasons for the weak dollar". Like to add today, also the drop in rates as global
rates have been rising. The USA economy is heading for trouble.
Note: E-mails are sent to subscribers now, and later on the web site at a later date.
PS. My web man has gone to Canada and will return soon, hopefully.
Charlton Capital ltd. Mr 618. www.markets618.com