Dow 13,000 and 'The Crash'?

Just prior to the DJIA reaching its all-time closing high of 14000.41 on July 19th, I posted an article here at the TB2K forum dubbed, "Dow 14,000 and 'The Crash'?":

http://www.timebomb2000.com/vb/showthread.php?t=249121

In it I forewarned that stock prices and mass mood tend to peak when the DJIA reaches psychologically important thousand marks after which reversals are 'caused' by seemingly unexpected historical shocks. This has since unfolded as the sub-prime mortgage meltdown led to the collapse of two Bear Stearns hedge funds precipitating a contagion of fear in the global financial system.

Today the DJIA closed down more than 200 points to just above the psychologically important 13,000 mark. Will breaking below Dow 13,000 entail a crash?

In this light, I strongly suggest reading today's FinancialSense.com "Market Wrap" article by Frank Barbera:

http://financialsense.com/Market/barbera/2007/0814.html

Note how the S&P500 is now technically where it was just before the 1929 and 1987 stock market crashes:







Also be aware that a significant planetary alignment will occur over the next few days which I made mention of here at the TB2K forum back in May:

http://www.timebomb2000.com/vb/showthread.php?t=240816

I believe mass mood peaked with the new moon just prior to this planetary alignment.

It's starting to look like a panic might unfold with the planetary alignment over the next three days, although a full-fledged panic might hold off until a Puetz crash window opens around the August 28th total lunar eclipse:

http://www.spiritoftruth.org/14000alert.htm

Thus far the collective panic has been restricted to financial markets. Ultimately, however, there is the danger that this panic will take the form of global war as I have foreseen:

http://www.spiritoftruth.org/truth.htm

Hmmm, now might be a good time to buy short.

Wadi66 said:

Hmmm, now might be a good time to buy short.

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Or, it might be a good time to buy long. That is the problem with volatility; you never know from day to day which way the market will go.

The difference with this crash is that the hand of the government will do anything in its power to prevent it, including creating money out of thin air to prop it up.

When the moon is in the Seventh House
and Jupiter aligns with Mars
Then peace will guide the planets
And love will steer the stars

SomeAverageJoe said:

The difference with this crash is that the hand of the government will do anything in its power to prevent it, including creating money out of thin air to prop it up.

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That what central banks have been dowing for 75 years, and consequently the beast they've created will eat them alive. It's not even close anymore.

~$500 trillion in derivatives and black box financial instruments versus the Fed....I wonder what's more powerful?!

Governments have sought to maintain collective confidence at all costs, no matter how incredibly deluded that collective confidence and speculative insanity has become. Alas, however, collective faith in money (manna) rather than God can only lead to catastrophic disappointment....hence 'The Crash'....and that's why I'm here.

http://worldnetdaily.com/news/article.asp?ARTICLE_ID=57160

Hmm, maybe China will step in and bail out the housing market. They gotta have SOMEPLACE for their army to live while they occupy our country.

Wadi66 said:

Hmm, maybe China will step in and bail out the housing market. They gotta have SOMEPLACE for their army to live while they occupy our country.

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China doesn't need our country anymore....we were just the debt-driven consumer they utilized to acquire the capitalist means of production through mercantilist economic policies that led the West to hand the Chinese the technological base for mass production. Now China can manufacture goods for the rest of the world once America is "neutralized"...

Spirit Of Truth said:

China doesn't need our country anymore....we were just the debt-driven consumer they utilized to acquire the capitalist means of production through mercantilist economic policies that led the West to hand the Chinese the technological base for mass production. Now China can manufacture goods for the rest of the world once America is "neutralized"...

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But they need wives for their 20 million wifeless men. And it is getting a little crowded over there.

SomeAverageJoe said:

The difference with this crash is that the hand of the government will do anything in its power to prevent it, including creating money out of thin air to prop it up.

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They've been doing this for years.

well, so now what? what is going to happen to joe six pack and his kids?

Thank you Spirit of truth for all your work

momof23goats said:

well, so now what? what is going to happen to joe six pack and his kids?

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He's gonna have to sober up, and they're gonna get hitched to the plow till there are enough mules to meet supply and demand.


CBINGA

Please note that the DJIA also has a tendency to bottom at psychologically important thousand marks, so it's possible the market is making a short-term bottom at 13000 today. Crash potential is much more significant around the time of the August total lunar eclipse on the 28th.