Note that the author lays the groundwork for this conclusion in the unavoidable decline in tax revenues one would expect when you bring on a whole slew of new taxes in the midst of an economic decline. This is already what we're seeing in discussions occurring from the national level, to the state and city/county levels. With tax levels falling, from both voluntary and involuntary withdrawal of players from an out of control, unfair economic/political system, the Elites and other 'protected' groups begin to 'go after' and cannibalize each other's revenue streams....
http://www.oftwominds.com/blogdec09/2010trends12-09.html
2 comments:
12/27/09 Yelnick referenced the article: http://www.marketoracle.co.uk/Article16081.html
this author shows the H&S for S&P500,
and retrace from Mar 09 low to the H&S neckline.
The retrace proposed also corresponds to the Fib 61.8% for both price and time. Interesting!
I was wondering Mark, if you have an algorithm that you could pass along to your readers that would calculate Fib time projections 23.6% ..., from a specific date?
Would be most helpful.
You mean theirs infighting among political elites.
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