de ja vu, page-132

Immediately before that in this weekend's current report he says:

"There was a lot of technical damage done to stock averages Friday. We got confirmation of 18 month, very bearish Head & Shoulders tops patterns in several indices, as prices completed their right shoulders and fell decisively below necklines. These patterns are huge, and the downside targets are 20 percent below where we stand now in several averages. In other words, these patterns are calling for a stock market crash. These patterns are saying that the Bear Market is nowhere near over."

The downside crash target is 9,750.

The Trannies also need to confirm lower lows over the next few weeks, ie below 4,140 to mean that the decline can be trusted. (to continue) (Dow Theory).

The next phi turn date is 10 April.

Also says cash is king and don't rely on lines of credit as banks are cutting them as fast as they can. He believes the credit crunch is just getting started.