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[Tor]

dont shoot the messenger! This I found from McHugh, a little bit old, but the signal remains valid. Personally I am sceptical, but am looking for a little more down to close out the shorts I took out on friday. it really is a day by day trading methodology. in a way i would quite like it if the HO came true!!!






Financial Markets Forecast and Analysis
So Where Are the Dow Industrials Headed?
Mon, Jul 9 2007, 14:32 GMT
by Robert McHugh, Ph.D.

Main Line Investors, Inc.




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.



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[relax]

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