market on the verge of a major collapse, page-78

Just some thoughts to share and to help myself look at this more clearly and for you to correct me if needed. Thanks. (cmc numbers)

The average pullback is 4-7%, we have corrected so far to 8% which is now at 5850 and is also at a support line, the resistance line is now 5980+/-.

A 10% correction will take us to 5785 which is also a support line if that breaks then 5650 is our next one being Jan 07 support line. Which will equal a 12% correction like we saw in May 06, this where it will more then likely give a good bounce and continue in an uptrend.

With the dow now coming back to 13200+/- after a dead cat bounce the next support line is 12700, so if they cant hold 13200, then we will surely see
xjo 5785/5650, which i believe will represent a great buy opp.

July 07 High 6428 +/-, low (at present) 5850+/- = 8% +/-

Feb 07 High 6050 +/-, Low 5590 +/- = 7.5%

Jan 07 High 5700 +/-, Low 5472 +/- = 4%

Nov 06 High 5483 +/-, Low 5242 +/- = 4.5%

May 06 High 5406 +/-, Low 4770 +/- = 12%

there are 2 other small pullbacks which i have not included.

dont do anything i say because i always get it wrong...