Tax and all,There is an absolutely gigantic Fibonacci Cluster pointing toward a major turn around October 5th, 2007, +/- a few days. It may be the largest Fibonacci Cluster we have witnessed to date. October 5th is also our next Phi Mate turn date. This date has two phi mates, which usually means it will be a major trend turn.
We do not know for certain whether it will be a top or a bottom. But we are confident it will be a major turn. Should prices continue to rise into that date, we would expect a crushing decline to follow. Should prices top soon, then fall into that October date, we would expect it to be a major bottom.
Wednesday's decline did move these indicators closer to reversals. What we are witnessing is a major battle between the Fed (and the PPT) interjecting huge amounts of liquidity into markets, versus horrendous economic conditions.
Should be a VERY interesting few weeks coming up,I am still short a few positions going into 9/11 then I plan on being cautious going into the Phi Mate turn date 10/05/07 plus or minus two days. When the move shows itself I will be in with two fists. Also want to be in cash when the fed announces on the 18th. Cheers my friend
