So Where Are the Dow Industrials Headed?

By: Robert McHugh | Mon, Jul 9, 2007
Print Email

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:

and purchasing our low cost one-day subscription for only $14.95. This one-day subscription allows you access to all reports and features on our site. After subscribing for $14.95, a 25 percent discount off the regular one-day rate of $19.95, simply log in and click on the button at the left of the home page for the report you are interested in. To access this 52 page weekend report, June 6th, 2007, issue no. 616, simply click on the USA Weekend button at the left.



Robert McHugh

Author: Robert McHugh

Robert D. McHugh, Jr. Ph.D.
Main Line Investors, Inc.

Robert McHugh

Robert McHugh Ph.D. is President and CEO of Main Line Investors, Inc., a registered investment advisor in the Commonwealth of Pennsylvania, and can be reached at The statements, opinions and analyses presented in this newsletter are provided as a general information and education service only. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this newsletter is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. Neither Main Line Investors, Inc. nor Robert D. McHugh, Jr., Ph.D. Editor shall be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.

Copyright © 2004-2017 Main Line Investors, Inc. All Rights Reserved.

All Images, XHTML Renderings, and Source Code Copyright ©