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Re: fung_derf post# 1078

Monday, 07/20/2009 11:18:56 PM

Monday, July 20, 2009 11:18:56 PM

Post# of 1706
Market outlook Fung,be quick,be careful.

The Industrials are up 6.3 percent, and the NASDAQ 100 is up 6.7 percent since our key trend-finder indicators generated new buy signals last week. Here is a sample of our Executive Summary report to subscribers Monday evening:

Reality is, this a nice rally wave that just started, wave C-up of (B). It has a bright future. This rally is going to be a five waver, waves (1), (3) and (5) will push prices higher, and waves (2) and (4) will retrace a portion of waves (1) and (3). So far wave (1) up is impressive, and not finished. But it will be important to not get too carried away with this rally. It is not a Bull Market, it is the final important Bear Market Rally. It could last into autumn, and reach price levels 15 percent above where they sit tonight. However, once finished, wave (C ) down will follow, a dramatic decline. That wave could end the Bear Market, but Lord knows what carnage it will leave behind it. Unemployment is a growing ominous problem. Severances are going to run out. Unemployment benefits are in jeopardy as states' finances crumble like dominos. The Central Planners can only create so many government jobs. They are doing nothing for small business, the key job producers, and nothing for the household, responsible for 70 percent of GDP. Wave (C ) down is coming. Our next phi mate turn date is September 2009, so that is a possible cycle date for C's top.



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