Monday, July 30, 2007

DOW HAS A LONG WAY TO FALL....

BUT AT PRESENT THE MARKET IS BEING CONTROLLED BY FORCES THAT HAVE THEIR OWN AGENDA...

MOST OF THE SPRING RUN UP HAS TO BE GIVEN BACK...SO THE TREND IS DOWN... AND THAT IS MERELY ON TECHNICALS...NOT ON THE MASSIVE CREDIT DEBACLE THAT IS NOW LOOMING OVER THE STREET.

CENTRAL BANKS WILL HAVE NO CHOICE BUT TO KEEP PRINTING MONEY...

OIL WILL SOAR...AND THE DOLLAR WILL PLUNGE...THESE ARE JUST GIVENS...

THE DAY TO DAY YADA YADA IS JUST BACKGROUND NOISE...