So Where Are the Dow Industrials Headed?
Short term, the Dow Industrials are approaching an Intermediate term top. However, there is evidence that suggests more upside is likely over the next few weeks, leading to that top. The below pattern in the Dow Industrials is an Ascending Expanding Wedge, with diverging upper and lower boundaries, which suggests a top here of significance. Once complete, prices can be expected to drop to about the start of the pattern, at a minimum, meaning into the 9,000s over the intermediate-term, although if the PPT responds by hyperinflating the money supply, it could be 9,000 in real dollars (gold adjusted), not nominal. A confirmed Hindenburg Omen remains on the clock until October, 2007.
For complete analysis, we offer you this weekend's 52 page market analysis report, which identifies the next phi mate cycle trend turn date, as well as when the coming top in the blue chip stock indices is likely to occur by clicking here:
The report tells you the reasons why we believe a huge Bull market rally will follow the coming multi-month correction. The report also covers the coming breakout higher in precious metals and the HUI Amex Gold Bugs Index, including minimum upside targets.
Are soybeans dangerous to your health? As a health related bonus, we present recent findings on this subject, which is important because soybeans are being used as a food additive and extender in nearly everything we eat.
You can access the full 52 page market report, loaded with charts, including all of the above plus our latest key trendfinder buy and sell signals, Elliott wave analysis, and pattern analysis for major markets by clicking below:
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