A suggestion to go back and read the emails of 28/8 and 27/8.
7 months off the high of 7/3 has produced a good turn, as per repeating
history. Early October was a date to watch for emotions running high
(Washington and guns included, there is always something going on at
these turns, though I never know what it will be). You can pick this up
in Gann's trading examples given in 'Tunnel thru the air'; Gann was
trading eclipses, specifically the quarter, and third points off eclipse
dates, i.e. trading 90 day runs. Where there was a particularly notable
eclipse astronomically, he forecast for more drama than usual. This
appears to be worth the study to apply so far.
I would expect now a 15 day run to a lower top, 15 days being half of
prior length of previous retracement,
July 24 to Aug 24 or so, for a top Oct 25 potentially, (perhaps it is
too much to ask that the price might be at the mid point of immediate
past range on the 25th) 60d to Dec 28, being the date of the end of the
repeat run down in time. Study Gann's illustrations of the Dow for 1929
and you will see what I mean.
It would be unlikely, rare, for the year's low to have occurred on the
10th of a month, not one of the dates we watch, though it is 210 degrees
from March 7. Given the repeat history this provided as per past emails,
it is tradable information for stocks, if they in turn are on
One has to wonder about the Iraqi thing. Smokes and mirrors for November
mid term US elections if you ask me. Always handy to have an enemy. By
threatening war with Iraq, Bush has successfully occupied and split the
Democrats with war talk, zapping their energy for other things, and
taken all hint of presidential insider trading out of the papers. He is
also attempting in my view to find a scapegoat for all that ills the US,
declining markets, disappearance of you know who etc etc. I note the
various reports in the International Herald Tribune this year so far;
- the owner of coy's that sold more equipment to Iraq than any other the
past 5 years, Halliburton, when Cheney was chief
- the 1980's US govt provided satellite intelligence to Iraq, allowing
that country to use its chemical weapons against Iran
- between 1978 and 1988, Iraq was supplied 7 times with anthrax strains
by none other than the US.
I say this because:
Be aware, current US action is setting itself up for that country's next
tops and bottoms. Watch the dates of any related actions, and you might
get a forecast, though this may not necessarily be market tradable, I do
it as a habit anyway. Helps with the thought processes.
One could well see a US diplomatic about face after November?
Bank of Japan will buy stocks from Japanese banks, and has urged the
Japanese govt to write off all the Japanese bank bad loans using
taxpayer funds. There's history again; loans on real estate, goes bad,
taxpayers bailout the banks. Do you think we might ever see the
opposite? Banks make good loans, make profit, give it all back to