friday belting, page-42

hail guru.

and morning to all other (can't bare to add good to that as i've only had a couple of hours sleep). :-)

what the heck happened after i went to bed. darn....stayed awake til almost 3am and still only caught half the action on the dow.

from memory, mchugh's next turn date is the 5th of november. last night's market action suggests that there is potentially lots more downside to come. given the precarious state of some of the asian markets (including our own), this correction could see lower lows. how much?

mchugh had originally suggested either about 500 pts on dow in the case of a minor correction or 1500 if it's more serious.

however, as voltaire has previously suggested (and i am even guilty in doubting until recently) - we may be doing the BIG M pattern which would wipe out all of this year's gains and then some.