This morning's drop has created a 5-wave down pattern from Monday morning, not good if you're bullish. It's never certain, but that tips the odds that we've now moved into wave 3 down of the wave
(1) down shown on Daneric's long term projected chart here:
http://3.bp.blogspot.com/_TwUS3GyHKs.../wlshdaily.png
This tsunami wave will be worse than the May drop if correct. Later today or tomorrow a bounce should start that could give one final kiss to 1095-1105, a level not to be seen again for many years
if the pattern is correct.
I like that chart since it fits with my long term guess that the first major low will come in 2012, and the final low in 2016 as the Kondratieff winter deflationary period ends. 2016 is when I'll turn into Birchtree's clone.
Terry Laundry's T Theory stuff continues to be right.
http://www.ttheoryfoundation.org/t-t...culations.html
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