NEWS RELATED TO FUTURE EVENTS
IVE mentioned this SEVERAL TIMES over the past few weeks
Debt restructuring voting tonight is DOOMED TO FAIL
Whats that mean for the STOCK MARKET -- DUUHH
HUGE DECLINE this week
ITS Lehman WEEK again !!!!
WHAT can be done?
answer =Amendment 14
WHEN ? August 4th at the latest
What will happen then
BIG RALLY, of course
THIS WEEK looks like LEHMAN & TARP all in one week
We had mentioned 1260 as potential support that many tech's had been projecting, but we are so close to that now, it does NOT appear to have any merit.
THUS a 3rd of 3rd can NOW be in the MAKING.
DOW fell 533 pts last week = wv 1 & rebounded this AM -wv 2
THEN a fibo multiple could = 860 pts to the next low=11,400
please DONT HOLD ME TO THOSE EXACT #s,
they could be off by 100 pts in either direction.
WHATS THE REAL REASON THE HOUSE
GOT THE VOTE PASSED-
IT NOW SEEMS RATHER OBVIOUS
DOES THAT CHANGE THE CYCLE for stocks ?
NO!!, the DEAL that NO BODY wanted was made, even by those who were dead set against it, - SO THEY could take a vacation- BUT they are telling US, it was a DEBT DEAL, and nothing else really-- FISCAL handcuffs- WHAT A JOKE