Now that we've addressed the lipstick stuff.

lucasd6

I think we may have to agree to disagree on some points because it is quite obvious to me that the major players know exactly where this is going.   Way in advance of when you and I find out.

“Conspiracy” is not what I mean.  “Managing” the resources of this country may better describe my feelings.  .

"Just people" don't move the market 50%, neither does the heard that I can see, and my conclusion is simply it doesn't happen by accident. 

 "Just people" don't get the opportunity to buy Bear Stearns at $2 per share over the weekend.

Symmetry and cycles are a way of describing the "outcome".  A graphical representation of growth and decline of capital at sustainable rates.  However, I don't believe that trillions of $ change hands because of a graphical balance.  Heck, Monk should be a billionaire. But I do clearly understand your point.  I look for these pointers all the time.

There is no special hidden significance to me for the number 776.76.

I don't think of myself as dealing with theories.  Again maybe just  symmantics.  My "observation" is that similar circumstances in the past ('68, '73, & '87 primary and secondary crashes) beget similar outcomes in the future.  Applying that to today’s conditions,  the BEST we should expect to happen is that SPX will bottom out at circa 1170. 

However,  when Nixon was impeached, the secondary crash low Sep ’74 went all the way back down to the primary crash low May ’70.  If impeachment proceedings did begin against Bush, SPX 776 comes into play simply because that is what happened in the past.  My bet is that the effect on the markets is one of the reasons Pelosi is so dead set against it.

My buck.  My thoughts.  That’s all.

Gordon