Get Ready for New Lower Lows
[HSP] Hospira to cut workforce by about 10%
Airline trade group widens '09 loss prediction to $4.7 bln
Schlumberger cutting another 6,000 jobs
Williams-Sonoma net tumbles on slack demand
Gold, platinum futures slump in wake of Treasury bank plan
Falling Japan land prices stir deflation worries
Yes my friends, Deflation, Strengthening Dollar and Falling markets. That has been the position of the primary pontificating practioner of Alstrynomics for sometime and that position is reaffirmed this morning.
Yesterday a phyisical gold layer formed behind the existing physical silver layer on the massive convex reflector formation between 7500 and 7800. By mid day it was only to 7650 and eventually created what seems to be an incredible impenetrable 300 point layer IN ADDITION to the silver 300 point layer. We call this a Symetric Reflectic. And true to its spector vector stopping power, those slimy buggers ran out of steam at the 7775 level....but you gotta give em credit for making it that far.
Never before in the history of Alstrynomic's Techno Trance Analysis has a double convex backing layer been penetrated. Further, even if it is, we have to watch out for platinum layer forming or heaven forbid the ultimate layer...enriched uranium which almost guarantees abatement of any further additional upward movement.
In doing a photon spectrometer analysis, it appears 5000 to 5500 will be the next party zone before we could see a charge to 3500 to 4000.
Welcome to earnings season my friends...April Showers wet anyone's flowers.