Did anyone read the Futures magazine article interview of Walter John Williams. Pretty bleak picture. To put that into comprehendible perspective. Twice in our history so far it has happened and now again it is pretty inevitable. That is the Dow will go back to the price of one ounce of gold.

When one tinkers with interest rates it only prolongs the inevitable and makes it harder to chew on later. That is why I am such an advocate of individual rights and the Federal government stay out of our lives and other countries lives. I wished Ron Paul would have made it, but then there is a strong movement in the republican party to replace our members and democrats with libertarian congressmen so the USA can get back to the constitution.

Notice I changed the daily wave labeling chart. This is a -c- wave and destination is now around 1120. Today's action will be discuss in next posting. So need to count out an -12345- pattern going down.

Notice there is two brown lines, channel, going down. We are doing a minor wave four now that should be contained in the market and this will go lower before breaking out in a larger wave four and five.

Then after that will bring on a larger wave -4- that should take the market out to the blue down trend line, before going its final stroke fifth wave down into the 1120 area.

charleydan
www.sillywaves.com