Wednesday, April 30, 2008

The Grand Supercycle Crash?

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Just a heads up. As of today, there are TWO aircraft carrier battlegroups in the Persian Gulf for a few days. The new moon is May 5th. While I find it difficult to believe that Washington is planning an unprovoked strike on Iran, there is a risk the Iranians will provide a provocation:

Meanwhile, the DJIA has neared the 13000 mark while the UK FTSE 100, French CAC 40 and German DAX have reached the 6000, 5000 and 7000 marks, respectively. These indices may be poised to reverse into a third wave down according to the Elliott Wave count. Since the final Grand Supercycle peak was reached last October, this wave pattern is consistent with an outbreak of global nuclear war as I supernaturally foresaw in February 1991 as Robert Prechter and I were speculating on the potential ultimate cause of the Grand Supercycle crash:

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