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I think it was in February The Economist dedicated the whole issue to
inflation, or rather the lack of same.
I think the cover had a ghost on it named deflation - and the theme was
that now the real danger is deflation, infaltion was dead.
Interestingly it seems that the Commodity indwex bottomed out on FEB 26
(the last day of week 9 which had an Astroindex of 64 (max of the year=65
and the 26th beeing one trading day away from March 1and 2 (next week)
which were both astrodays (days with clusters of several planetary
aspects).
the 26th also seems to be the head of an inverted H&S formation where the
neckline was decisevly broken this friday.
Furthermore the right shoulder of this H&S is the pullback from a break out
of a larger Falling Wedge which pattern started with the bottom on Aug 28
1998 ( Aug 26 beeing an astroday) (8/28= week 35 but WEEK 34 had and
astroindex of 8 = the highest of the year).
The break out of the H&S is very interesting since the neckline coincide
with several fibonnacci resistance levels that are related to the tops Jan
11 and Nov6/98, generating HEAVY resistance to an advance.
After this was broken, there are no real clusters befor the H&S potential
of 199,5 which also is the top of Jan 11.
Potential in th Wedge is 206=Nov6 top. So the chances, in my opinion, is
great that we should reach at least 199.
If this scenario should unfold, perhaps my bearish Bondscenario could
unfold as well.
rgards
Stig
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