gorm intact davfitz

GORM intact for mine .... DJ new wave low today ... so heading for retest of "A" primary 7200 low (or 7400) this intermediate wave IMO. We have had several false starts to reverse so still in C-3 by looks.

Somewhere along the way we will get that C-4 rally (unless it already happened over 5 or so days to 9800 few weeks ago) but then we will have C-5 to complete megabear C ..... my call by mid next year at DJ 5500 or 3600 ..... THEN paper burn "D" primary rally H2 09 +, primarily USD burn /resources lead.

Lots more "shocks" coming outa financials still ahead for mine which will promote sector rotation from everything back INTO RESOURCES even if by default as the USD starts its decline. Did u know that based last Qtr paper pump prime, US M3 is growing at annualised 270% pa ??? What do u think THIS is setting us up for ???

ATM tho commodities / resources and hence AUD still being sold down by hedgies and will continue to do as the USDX rally con-fudge continues into H1 next year. POO being used as one "tool" to promote the perception of DEFLATION and hence USDX STRENGTH ........ thats what its ALL ABOUT ........ USDX STRENGTH being maintained to give the USFED andmates breathing space whilst they still try and work out how to maintain the MATRIX and prevent the EOTFWAWKI !

BHP hence remains linked to AUD FX nad thats what we have to look at for early warning of the BHP low. Meanwhile major pivot 24 dissolved at third attempt so BHP now in D/T.

My call by Mar Equinox or more likely June Solstice or even as late as September Equinox (prefer mid point) :

AUD/USD 0.45 - 0.50

USDX 100 - 103 (88+ the trigger confirm)

POO 35 - 40

BHP 12 +/- (18, 12(major) 8 (extreme) is the range)

DJIA 5500 0r 3600 (if end C-5 ie megabear C)

XAO 2800 or 2350

XBA back to 1993 levels as ongoing disclosure exposes the realities of toxic holdings ... MQG remains a "worry" for mine as does the ANZ.

I focus on y1993/4 macros cos thats the mid point in both TIME (Fibo 13 year quantums either side) and PRICE ( x 4 quantums either side) for the DJIA. Dont know what maths base u might call that but I'll call it "cosmic" base haha.

Thats been the GORM call all along but shouldave realised the FIBO TIME schedule bit earlier to avoid missing the TIME target by at least a year ...... I expected the "B" highs to be in 2006 not end 2007.

CMR will do its own thing meantime based all kindsa considerations .....

My FAVE boom sectors coming next 2010-2013 are URANIUM and GOLD and I think AUD will actually decouple from the global drivers for these based broader local economic demise of Oz BOP and CAD and GDP, hence the effect in AUD terms will be a boomer !!!

I remain in HOPE we finally see some PROACTIVE Olympian strategies being adopted to ensure we are prepared to take advantage of such. Can still see us ending up a subsidiary of HNC PRC or HNC Oz with 25% local equity remaining ala AII MO ahead of this. If we "survive" as such with share cap reasonably intact, aint changing my L/T price targets based sulphides + U projects realising in the next primary leg of the resources supercycle (hopefully DJIA primary "D" ) into 2013 IMO hence holding my core and still alert to the techno reversal CONFIRMATIONS for the traders ... prob 42+ at this stage

IMBOOC