china crash started, page-38

Noticed this on the ASX thread today:

This is what Richard Russell of Dow Theory newsletter says today:

"CONCLUSION -- Despite the rising rates, the stock market put on a good performance with new highs in the Dow, Transports and the S&P. Signs of inflation heating up.

FLASH! After 21 months with Lowry's Selling Pressure above Buying Power, today Buying Power finally closed ABOVE Selling Pressure, a major bullish accomplishment! This is a big bullish PLUS for the stock market."

Russell expects the US market to be on the up for many months from here:
"This would be a major technical plus for the market. If this does occur, I would expect Buying Power to dominate Selling Pressure for at least a few more months at a minimum.

In my own mind, a crossing as described above should confirm that world markets are moving into their third most speculative phase."

This is similar to what Harry Dent has been referring to, that we are seeing the biggest stock market boom in history unfolding before our eyes in coming months.