Dow 7100 Party Time

2/23/09

Wow!! DOW closed 7114. Hey it closed at 1997 level. It's back to 1997!!
What had happened in year 1997?!
1. Hong Kong returns to China
2. O. J. Simpson found liable in civil suit;
3. Nobel Prize for Economics is won by Long Term Capital Management stars Robert Merton and Myron Scholes.
4. Titanic hits theaters — other notable flix include The Full Monty, Good Will Hunting, and L.A. Confidential;
5. Ellen DeGeneres outs herself;
6. Eric Clapton wins a Grammy for Change the World
7. Skynet launched a nuclear attack on mankind;
8. J. K. Rowling’s first Harry Potter is published in the U.K.
9. Princess Diana, Jacques Cousteau, John Denver, Mother Theresa, and James Stewart all die.

One more important thing is:
Are we bottom yet??! Hahaha. It is another silly question!! Of course not.

Remember I said this downleg started on 1/7/09 (Dow closed 8769). The title is "Intermediate Term highs reached":The stock market indexes have reached the recent climax and need to pullback in short to intermediate term since beginning of this week. The above is one of the market breath chart to tell me ahead. Yes, that is what no one should long any stocks started beginning of this week.

In addition: I posted a CPCE chart to show the start of this blood slide on 2/11/09 (Dow closed 7939) title "Indecision day". I have successfully forecast this intermediate bloody sell off.

Let's see 8769-7114=1655 points away as I called since 1/7/09
And 7939-7114=825 points away as I told since 2/11/09

What do you all think this amazing forecast by my studies!!!