anz counter party write down alert part 2, page-8

Dont count your financial short chickens just yet. Lehmans have just come out with very good news wrt asset sales etc according to Bloomberg. My view has been that all sectors are going to rally hard from the 1st quarter lows lead by US tech sector due to lower US dollar; M&A activity; ultra low interest rates again; a presidential election year & huge monetary inflation by US Fed. All global indices are probably headed to new highs.
The Nasdaq target for this move is 3126. Put it on a post-it note on your computer & get the hell out of general equities just about then. This will represent the Western worlds "Japan Moment" when stock & property markets commence a joint 10+ year decline. Nasdaq 3126 will be the time to select your shorts & not before. Remember to bag me if I am wrong & salute me if I am right. The transports have already recently hit new highs despite high oil prices & blah blah blah. Next will be Utilities index followed by Dow then S&P & Finally Nasdaq 3126 will mark the end of a 30 year bull market in general equities. Any technicians know the significance of 3126 on Nasdaq???
Answer provided tomorrow if enough interest is generated from this post.
Europe is barely down tonight so it seems the PTB are ready to rally the US markets tonight. The logical inference from this is that the $19.38 lows in ANZ will not be violated until after the new highs are in in the US.
This does not mean ANZ has to hit new highs just that the recent lows will not be violated yet.