Met Ltd Nm Share Discussion Threads

[energyi] 11/3/2006 08:59

GMS COMMENTS...

if the S&P goes to 1315 to get everyone excited then the DOW will be at 11300-11450 where it will look like a great long term short against its ATH at 117xx

if wave 1 was 1299.70-1256.80 basis march, then corrective until wave i commenced from 1299.1-1271.60 basis march

if wave "a" was 1282-1293 basis june(1271.60-1282.50 basis march) and "b" was 1293-1281.60(1282.50-1272) close, then "c" could travel any fibo multiple of 11 with 1292.60-1299.4(1283.50(yesterday's hi print)-1289.8) possible with 1303.5 (1293.50)a 78% retracement

I placed an order at 1294.60 to short against the long March (failing just under 1285 cash would look perfect if the past few days are a 4th wave)

@:
- - -

[energyi] 03/3/2006 22:05

"Somebody is out there buying the dips and selling the top of the range.
In other words, somebody is scale trading the Dow -- and very successfully at that!"
(solidly beating the other indices, assuming a waterfall-like event doesn't make Americans swear off stocks like the plague for a long time to come. The reason? It's all about trend, and as the great post-WWII baby boom crowd starts going into retirement in earnest, they are going to want their retirement cushions located in the safest, most profitable stocks, especially as they feel inflation's bite become more severe. The DJIA has the highest percentage of dividend-payers over all other indices. Ergo, an increasing chunk of America's retirement money is going to end up there. JMHO)

BUT...
Carver remains Bullish:
+ the long term studies show that dividends are the larger return from stocks. For retirement accounts, the tax question is moot. And, we all know, boomers are pouring oodles of cash into retirement accounts. It's called "catch-up contributions." And, it's the major reason why being a bear is like a salmon swimming upstream.


Re: Market Crash Predictor

Posted By: Bob Carver
Date: Friday, 3 March 2006, at 12:54 p.m.

In Response To: Market Crash Predictor (Ameagle)

They're a little late, aren't they? I couldn't read the article, but I did call the crash ahead of time myself. The technique I used was polytrendlines - the crash of 1929 had exactly the same configuration as the 1987 crash in terms of polytrendlines.

Piece of cake, actually (and, yes, I was short starting a week before the crash).

: A University of Tokyo team, led by Yoshiharu
: Yamamoto, studied the Standard & Poor
: 500 market. Fluctuations in the market were
: found to normally follow a bell curve –
: small changes having a higher probability
: than large ones. However, in the 2 months
: before the Black Monday crash of October 19,
: 1987, they discovered that all fluctuations
: became equally likely.

[energyi] 01/3/2006 12:57

Three Peaks Domed House Top is Forming

Continue to Sell into Strength ... By Jeffrey A. Hirsch

As the Dow dances with 11000 again it is becoming apparent to us that a major top is forming. Economists, market analysts and investors remain quite impressed with the data that has been released so for this year. This has contributed to the excessive bullish sentiment and complacency we are experiencing¡X levels associated with tops.

Our 2006 Annual Forecast projects a first quarter 2006 high around Dow 11500. That is only 4% higher than today¡¦s new recovery high close of 11058.97. Despite all the cheerleading on the Street market internals have not been overly impressive and the major averages have struggled to make new highs. The Dow has inched up but NASDAQ and the S&P 500 remain below their highs.

This brings us to the matter of the chart at the bottom of the page. The current Three Peaks and Domed House pattern we have been tracking is illustrated along with the end of the previous pattern. (Refer to the January 2006 and April 2005 issues for deep background on Three Peaks and Domed House Patterns.)



From here we anticipate another Point 23 top soon. Then a retreat to a Point 28 near Point 14 on October 27, 2005 at Dow 10229.95¡Xa correction of 7.5% from today¡¦s close. However, we believe this will only be the first stop on the way down to a major bear market bottom later this year.

4th Year of Bull
Quite a bit has been made of the length of the current bull market, and rightfully so. Few have lasted this long. Of the 34 bull markets since 1900 only six have gone past three years. Today¡¦s Dow high moves this bull into sixth place. From the October 9th three-year anniversary date the Dow is up 8%. This is nearing the average returns expected from the fourth year of bull markets. Bottom line is that 79% of these bull markets do not last this long, which adds to our belief that this bull¡¦s days are numbered.

[mr ashley james] 25/2/2006 15:21

One word Energyi

Choppy

[energyi] 25/2/2006 14:50

Correction Time is Here!
Marc Faber
One month ago, I pointed out that investors were euphoric about buying
everything. The same still applies as of today. Equity investors, commodity
traders, property investors, art buyers and even bond fund managers are all
bullish about the one or the other asset class. From figure 1, we can see that
mutual fund cash positions in the US have declined to a record low and that
such low readings have, in the past, preceded serious market corrections or
bear markets.

Figure 1: US Equity Mutual Fund


Moreover, from the figure below we can also see that the US stock market
has become technically over-bought and that such over-bought conditions
have usually been followed by meaningful stock market corrections (see
figure 2).

As is the case for every stock market around the world, heavy buying by
foreigners occurs usually near market tops, while foreign selling has always
occurred very close to market lows such as we had in late 1998, in October
2002, and March 2003 (see figure 2). So, if we combine the over-bought
condition of the stock market, investors¡¦ sentiment high optimism, equity
mutual funds¡¦ low cash positions, and also heavy foreign buying, we have
all the ingredients for a stock market correction in the US getting underway
very shortly.

There are two questions that preoccupy investors. What might the catalyst
for such a correction be and when such a correction comes, which assets will
decline the most and which ones will show resilience. In particular, investors
in emerging stock markets are concerned that if the US stock market sold
off, emerging stock markets would decline even more, as has always been
the case in the past.

@:

[energyi] 24/2/2006 15:06

FED PUMPING... Relationship to stock prices



The System Open Market Account (SOMA) has blasted off the bottom of the 7.5% long-term growth channel causing the 21-day moving average to turn up. It is near the top of a secondary channel that has contained most of its movements for the past year. Bernanke is following the Greenspan script, launching pumping operations from the bottom of the channel. The gap between the level of Fed liquidity and the level of stock prices had narrowed slightly, thanks to the February pump job, but the market remains vulnerable if the Fed and/or the FCBs don't feed the system more aggressively.

[energyi] 23/2/2006 08:42

NEWMAN / CROSSCURRENTS ...

UPSIDE POTENTIAL = 3.6%. dOWNSIDE rISK = 21.5%

tWO WEEKS AGO, THE iNVESTMENT ¢OMPANY INSTITUTE REPORTED THAT NET INFLOWS FOR MUTUAL FUNDS ROSE IN dECEMBER BY $10.1 BILLION, BUT MUCH OF THE INFLOWS WERE SPENT AND LIQUID ASSETS FELL NEARLY $7 BILLION. iN THE PROCESS, THE MARKET WENT NOWHERE. mOST SIGNIFICANTLY, THE CASH-TO-ASSETS RATIO DECLINED TO 3.9% AND HAS BEEN LOWER IN ONLY ONE MONTH IN STOCK MARKET HISTORY, sEPTEMBER 2005.

tHERE ARE ONLY TWO IMPORTANT QUESTIONS TO CONSIDER. WILL INFLOWS REMAIN SUFFICIENTLY ROBUST TO SUPPORT PRICES AND NUDGE THEM HIGHER? iS THERE A SUFFICIENT CASH BUFFER TO SUPPORT PRICES IN AN UPTREND? WE BELIEVE THE ANSWER TO BOTH IS A DEFINITIVE "NO".



...tHE OLD SAW APPLIED. bUY WHEN NO ONE ELSE IS BUYING AND SELL WHEN NO ONE ELSE IS SELLING. tHE CASH-TO-ASSETS RATIO OF 13% IN 1990 WAS SUFFICIENT TO FUEL A NEW BULL MARKET AND THE CASH-TO-ASSETS RATIO OF 4% IN 2000 WAS WAY TOO LITTLE TO PREVENT A HUGE SELL OFF. CLEARLY, THE LOWER THE CASH-TO-ASSETS RATIO, THE LESS FIREPOWER THERE CAN BE.

(we target) A MUCH HIGHER LEVEL THAN THE 6.5% ACHIEVED IN nOVEMBER 2000. iT WOULD TAKE A SUBSTANTIAL DECLINE IN PRICES TO INCREASE LIQUIDITY BY THIS MUCH AND THE dOW 8000-8500 LOW SIDE TARGET (ROUGHLY sPX 995) WE HAVE RECENTLY PUT INTO PLACE WOULD PROBABLY ACCOMPLISH THE DESIRED LEVEL OF LIQUIDITY

THE SIMPLE FACT REMAINS, AS MEASURED BY THE s&P 500, WHICH REPRESENTS BETTER THAN 80% OF THE MARKET, STOCKS ARE OVERVALUED AND HAVE BEEN FOR NEARLY ALL OF THE LAST EIGHT YEARS.

[energyi] 20/2/2006 22:18

We¡¦ve alluded to the coming 4-year cycle low in the monthly newsletter and in these pages, but have yet to show a chart detailing the upcoming potential. I usually keep the longer-term forecasts confined to EWFF, but since today was a relatively ¡§slow¡¨ market day, I thought I would put together this chart showing the eleven previous 4-year cycle lows back to 1962.



The progression actually goes back further in time, but I couldn¡¦t fit all the data on the chart. I¡¦ve indicated in blue the date of each 4-year low and beneath that in red is the percentage decline from the preceding intraday Dow high to the intraday Dow low at the 4-year bottom. As the chart shows, this cycle is one of the most persistent time cycles that the U.S. stock market displays. The lone exception during the time span on the chart is in 1986 and 1987. The ¡§ideal¡¨ 4-year low should have occurred in the fall of 1986. The Dow did decline 10.4% into September 1986, but then there is the little matter of a market crash in the fall of 1987, which shaved just over 37% off the Dow¡¦s price level. While both the intraday and closing low of the crash of ¡¦87 were beneath the September 1986 low, suggesting that the correct interpretation places the 4-year cycle bottomed in 1987, the yearly low for 1987 never moved under the yearly low for 1986, suggesting just the opposite. Rather than get into detailed debate, we simply used both dates for historical comparison.

As the chart shows, the average decline of the previous eleven 4-year cycles is 26.65% or 29.15%, depending upon whether you use the 1986 decline or 1987 decline in your calculations. Applying these two percentages to today¡¦s high, suggests a decline toward 8165, or 7887, respectively. Now, the odds are quite low that the upcoming market selloff to the 4-year bottom will equal these two percentages exactly. They are, after all, averages. In addition, if you add together all the 4-year cycle declines back to the start of the previous century (which I have not done yet), the percentages will most certainly be different. So the odds are that the decline will ultimately be more or less. To help us determine the possible extent of the decline let¡¦s look at the green arrows on the chart.

During the Cycle wave III bear market that shaved 47% off the value of the Dow from February 1966 to December 1974, each of the 4-year cycle lows, in May 1970 and December 1974, occurred beneath the preceding 4-year cycle low. All during Cycle wave V from 1974 to 2000, each 4-year low held above the preceding 4-year low¡Xuntil October 2002. The 2002 bottom was the first since 1974 that broke under the preceding 4-year low in 1998. This break was a strong clue that a larger cycle was exerting stronger downward pressure on prices and that the Dow had entered a new ¡§phase¡¨ in the market, which we consider Cycle wave a of Supercycle wave (a) of Grand Supercycle wave IV (circle). If so, then the upcoming 4-year bottom late this year (or possibly early next) should come at a lower level than the October 2002 low of 7198. Based on today¡¦s high of 11,132, this would imply a decline of 35% or more, which would make the move down to the upcoming 4-year low greater than the average decline of the past eleven. Impossible? We¡¦ll see.

But with a record-long streak of bullish sentiment currently in place, it may take just such a decline to shake the foundation of the complacent stock bulls, which would be exactly what one should expect at a 4-year cycle low. At the very least, the history of this particular stock cycle is on the bears¡¦ side for 2006.

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Close-Up

[energyi] 20/2/2006 14:25

Jim Welsh says (on MV interview):

Bernanke is clearer than Greenspan. Another rate rise is likely, and then it depends on the data. But everyone is positioning for the last rate cut, and when it happens, the market may not rally. Ned Davis research shows that more than half the time, the market is down 6 months after the last rate cut (76%), and still down 12 months after (64%). So the general market may peak in late March (around the Mar.28th Fed meeting?)

Latest rally shows lags in SPX and Nasdag, fewer new highs. Could be setting up a good short, but Resistance?: For SPX 1300 could be "a wall."

GOLD:
Sentiment got extremely bullish. Last drop broke the back on frenetic activity. He sees this current bounce as brief, and looks for a lower, at maybe $516 or lower, after 3-4 weeks. A short opportunity may come around $560.

[energyi] 15/2/2006 08:17

tHE THEORY on the Dow is:

The large caps will outperform the small caps in a year of economic uncertainty

[energyi] 15/2/2006 07:37

Bob Carver on GMT...

In Response To: 2 more years? (GFK)

I'm thinking we have a shot to 2010. Might see a decent correction in 2007 (like 1987), but the uptrend probably continues thereafter.

: Do you really think 2 more years upside is on
: the table?

: I thought May was your timeframe, or is that
: just your first target.

It should get rotational here. With short term rates topping out very soon, sector rotation is going to be fast and furious (we're already seeing that as we've had some leaders drop back and new ones take their places at the head of the pack just in the last few days). I'm looking at some spreads to take advantage of being relatively neutral as far as market trend, but taking advantage of the rotation. Sort of like the Value Line - Dow Industrials spread (chart below of the cash version) that soared by over $100,000 so far in this bull market (one contract each side).

: In the major tops of 04/05 the dow topped after
: the SPX or naz. Should we expect anything
: different now? It's certainly the strongest
: of the big 3.

Topping to me is not a real important quality. The important quality is where the money is heading. Get long the places where the money is heading and short the places it's coming out of and the trend of the market really doesn't matter. We've seen lots of accumulation in the Dow over the past couple of weeks (I posted the chart a few days ago) and the last couple of days, they're beginning to rotate out of them again.

: Maybe an all-time Dow double-top in your may
: timeframe is a possibility?

A totally flat market is my expectation. In other words, a 1986 market. Perfect for spreads. Don't discount how much money can be made on spreads:

@:

[energyi] 11/2/2006 18:14

Two similar dates:



Petro-Euro starts in Iran: 20 March

Solar-Eclipse: Africainto Europe: 29 March:


On March 29, 2006, a total solar eclipse will occur as the moon moves directly between the earth and the sun. The moon's shadow will fall on the earth, first darkening the eastern tip of Brazil, and then moving across the Atlantic Ocean to make landfall in Ghana. It will continue moving northeast through Nigeria, Niger, Libya, and Egypt, then across the Mediterranean and into Turkey, where an Exploratorium team will be waiting.

[energyi] 02/2/2006 23:24

GOLDILOCKS AT DAVOS...

"another Goldilocks kind of year", in which the global economy is not too hot or too cold, but just right.

Stuff and nonsense, says the Cassandra of Wall Street, Morgan Stanley's Stephen Roach. Fairytales are no basis for sustainable economic growth, he says, and the reality is that US growth is dependent on "funny money" - the proceeds of a speculative bubble in housing that is about to burst. As it happens, Roach was saying exactly the same thing in Davos last year, and probably the year before that. The financial markets certainly don't share his view; equity prices have been rising and volatility is low. The baseline case is that America's import-led growth will be balanced by Asia's export-led growth and that there will be a soft landing in the US as a result of judicious increases in interest rates.

@:

[energyi] 30/1/2006 09:25

Here's what the Pundets are saying:

[b]"Fed Expected To Raise Interest Rates To 4.5% Tuesday[/b]

NEW YORK (AP)--One and done. That's been Wall Street's mantra over the past few weeks as it anticipates the Federal Reserve's latest interest rate hike, expected Tuesday. One more hike, and the central bank is done. But the effect on stocks after this decision could be less exciting than many expect.

While stocks have been volatile this month, much of the past week's gains were fueled not only by strong earnings, but also by investors' belief in the one- and-done theory. And there's strong evidence that Wall Street's interest rate prognosticators could be right.

The economy is definitely slowing - fourth-quarter gross domestic product rose just 1.1% in the fourth quarter, very slow by most standards. Job growth has likewise lagged in recent months, and high energy prices still weigh on consumers.

So if the Fed raises interest rates too much, consumers with variable-rate loans - credit cards, for example - will pay more, and have less to spend. And businesses, faced with lower consumer revenues, will also pay more to borrow money.

The Fed is still widely expected to raise the nation's benchmark interest rate by a quarter percentage point to 4.5%. But it's also expected to signal that its rate hikes are near, or at, an end.

Yet anyone expecting stocks to jump on Tuesday when the Fed makes its announcement will likely be disappointed, as Wall Street's reaction is already " baked in" to the price of stocks. And there's always the chance that the Fed could go for one more rate hike after Tuesday, a move that would likely pressure stocks for the rest of the week."

...MORE:

= = =

MY MANTRA will be: "three, four, five? Inflation's Alive"

There are pressures on US inflation, which may force the Fed to KEEP rising rates.
I reckon that there will be:

+ A rise Tuesday,
+ A stock market fall when it becomes apparent that is not the end,
+ A rise by Bernanke,
+ A rally in stocks,
+ A pause in rate cuts, but inflation picks up as rates rise,
+ A weakening dollar,
+ An evident need for further rises to fight inflation, and prop up the dollar,
+ A big fall in the stock market
+ Further rises in rates

ALL within 2006

[krishall] 29/1/2006 19:52

On subject of promising sectors (in terms of both true potential and 'flavour' of the month/year factor) then a 'nice' article on new energy...

[energyi] 29/1/2006 07:43

BUFFETT : Warren Buffett's investment ideas in early 2006 include:

- Media : He already owns ten million shares in a single company.

- China : He likes, and he is betting big on one company. He is about to increase his stake to more than 25 million shares.

- Dislikes U.S. real estate : it is a dangerous place to sink your money. Buffett is staying away.

- Dislikes Two auto companies : he is extremely bearish.

- Stocks vs. Bonds : he is fully invested in stocks and avoiding bonds at all cost.

- Energy : it's not too late to invest in the energy sector. Buffett is planning to invest and additional $10 to $15 billion in the energy sector. Two companies tare getting the lion share.

- Currencies : He feels the dollar will continue to fall

...MoneyNews Advert:
- -

Here are some suggestions on how to shadow the Sage of Omaha as he careens through the market. The obvious place to start would be Berkshire Hathaway's official home page. Actually, homely page would be a better name for it. Buffett -- ever skeptical of the Internet economy -- is apparently not one to pour a lot of money into a Web site, and BH's Web site is proof of that. All it contains is a really dull-looking list of links. Visitors are invited to shop for jewelry at Borsheim's or get their cars insured at Geico, both companies being in the BH fold. You can also order $20 T-shirts boldly emblazoned with the Berkshire logo -- a fist clutching a wad of bills.

Also on the BH site are, of course: recent annual reports and news releases, along with Buffett's sometimes folksy letters to shareholders. Good stuff. But if you're going to beat the market to the punch by following this guy, you're going to have to dig deeper.
What's in a Name?

One way to do that is by tracking the Securities and Exchange Commission filings made by Buffett and Berkshire Hathaway. Maybe include BH's vice chairman Charles Munger for good measure. The official SEC EDGAR database site will let you do searches using their names. Pay $9.95 to subscribe to a Web site called, ironically enough, FreeEDGAR, and you can set up an alert that will sound whenever Buffett or BH or whoever files any sort of statement with the SEC.
All Buffett, All the Time

Another way to shadow the Sage is to take part in the discussions and rants at financial chat sites like SiliconInvestor (SI) or The Motley Fool. One thread on SI called Buffettology is entirely devoted to Buffett chat. Contributors are requested to read the book Buffettology by Mary Buffett, Warren Buffett's former daughter-in-law. And they're asked to defend their trades based on Buffett-like investing principles.

Sometimes you can find news, too. One poster on the Motley Fool meticulously compiled links to news articles that came out of Berkshire Hathaway's recent shareholder meeting. A posting in early April caught BH's disclosure to the SEC that it owned some 8 million shares of the Gap. Since BH's April 2 announcement, the shares have risen from about $23 to $29, although some claim Buffett's average cost basis in the stock may be higher than that.

@:

= =
MORE Buffett Links:

[energyi] 23/1/2006 18:18

Marc Faber
==========
Investment Themes for 2006
Marc Faber
What strikes me most about the current investment environment is that
everybody is bullish about something. Stock market investors around the
world are positive for equity markets, traders involved in commodities are
bullish about the prospects of resource prices, while bond investors are
convinced that deflation is around the corner and that interest rates will
resume their decline. In most countries, real estate investors are betting that
property prices will continue to rise, while collectors are willing to pay at
auctions record prices for paintings, jade, antiques, stamps, wines and other
collectibles. Everybody seems to be convinced that the asset inflation we
have experienced over the last few years will continue courtesy of Mr.
Bernanke.

Now, I do not doubt that if the Dow Jones Industrial Average and US
home prices declined by 10% each in future, and as a result hurt US
consumption, Mr. Bernanke, would print money like there was no tomorrow.
After all we should expect that even a central banker will recognize that the
US economic expansion 2001 ¡V 2006 depended on asset inflation fueled by
debt growth. So, unless the Fed is prepared to accept a recession, this
asset inflation will have to be reignited at all cost! However, whether in
the next money-printing binge all assets will rise, is highly debatable.
For one, I doubt that US dollar holders and long-term bond holders would
feel comfortable holding fixed interest securities in a country where money
printing was the order of the day. Therefore, on the slightest hint of even
easier monetary policies than we already had, the first asset class to decline
would be the US dollar. Last week, a renewed trend toward a lower dollar
seems to have begun and my first recommendation for 2006 would be to
short the US dollars. But short US dollars against what???
Based on current account surpluses and deficits, I suppose that, in 2006,
the currencies of Asian countries, which have large current account
surpluses, could increase in value against the US dollar and the Euro. In
particular, I like, now, the Japanese Yen and the Singapore dollar.

Needless to say that investors should remain short the US dollar against
precious metals (since Mr. Bernanke has been appointed Fed Chairman gold
has risen against the dollar from 470 to 550).
Moreover, I doubt that in a weak US dollar environment, US long-term
interest will decline further. So, while the first reaction to weaker economic
growth in 2006 could be some strengthening of bond prices (declining
interest rates), in a second instance bond prices are likely to tumble along
with the US dollar. Therefore, I would use any strength in bond prices as
a selling opportunity (see figure 2).
. . .
The last investment theme, I would like to discuss, are Taiwanese shares.
Why? In 2003, I began to recommend the purchase of the Nikkei Index
when it was around 8000 and after it had declined from 39,000 in late 1989.
Since then it has doubled in value. The reason I liked Japanese shares at the
time was that investors¡¦ sentiment about the outlook for the share market
was ¡§extremely¡¨ negative and that cash positions among institutions and
individuals were very high. But most importantly, the dividend yield on the
Nikkei Index was higher than the yield on Japanese government bonds.
From figure 6, we can see that a) Taiwanese shares have grossly underperformed
Asian shares since 1998; and b) that the dividend yield on stocks
is now about twice as high as the yield on Taiwanese government bonds.
Lastly, the Taiwan Stock Exchange Index, which hovers around 6,500 is
down from over 12,000 in 1990! Just, as a side, if the Dow Jones Industrial
Average were to decline to half its 1990 level it would trade at just 1,200!!

A word of caution: All asset markets (except for the US dollar and US
bonds) have been very strong in the first ten days of January and I expect a
correction to unfold in the second half of January, which will last at the very
least into February. What concerns me most is that we are in the midst of
a real investment rage, which in my opinion cannot offer to the
contrarian investor particularly attractive entry points in asset markets.
May be a good time to short assets!

[energyi] 20/1/2006 19:25

Arch Crawford: Jan.19th
=============
Stocks: Looking at Jan. effect "to be negative": Expected Top Jan.13th Top,
and then a sharp fall into Jan.26th-27th
HIGHS for year: (could be lower highs): time to short
+ Feb.3-6th (5 planets aligned= prev.July.16, 1990 high)
+ May 18th: Bradley model top
-
GOLD: oil and CRB could explode upwards in the next few days.
Sept. 2nd, 2006: was the Buy point: "heckuva run"
SELL short AU & AG maybe around: 27th Jan-6th of Feb.
-
Bonds: could turn weaker "here" into Jan.27th, then reverse

[energyi] 19/1/2006 20:32

Fred Starkey Predictions, 19.Jan:
========================
Gold: Target $579-580 (wk.jan23), pullback to $538-541 (april), then $660+
Silver $9.38 , maybe $9.85 (next week), then pullback
Long Term: $30 silver , $1500+ gold
Currencies:
Yen has bottomed (hi this week), feb.13th next low: 50% retrace
Eur. Low Feb 20th ... C$. Low Feb 27th ... Sfr: Major turn Apr.24th
A$.. Peak next week, Low Feb.13th
Stocks:
Jan.2nd Bottom, Minor top this week, Low: Feb.2-6th (decent break)
Dow: Low : March 6th
Crude: Feb, 6th top, above $70