Financial Sense Newshour: Arch Crawford' prognostications for August: geopolitical mayhem?

[Helphand]

Just downloaded and been listening to the weekly podcast from Financial Sense

http://www.financialsensenewshour.com/broadcast/fsn2010-0522-1.mp3

-- this segment being an interview between host Jim Puplava and Tim W. Wood (Technical): on current US securities market conditions and immmediate prospects.  US markets down 12% from April 2010 highs, historically oversold on MACD, momentum indicators, RSI etc.. 'maybe haven't hit bottom but pretty close to it?' asks Puplava.

Tim Wood: Thinks still in a bear market rally and awaiting final bottom in a few days; then short bounce from oversold THEN the big crash. About 15:30 minutes in it continues:

Jim Puplava:  

Another technician out there by the name of Arch Crawford ...takes technical analysis and he weaves it in with... astronomy.  He's got in his latest letter... something that's happening in... I believe the beginning of August the planetary alignment there's five or six planets that are[n't?] in alignment... something that he hasn't seen in hundreds and hundreds of years[' data]... basically the implication there is something big,... or... *awful* is going to happen in that time frame in August... so: could that be related... if you look at your cycle work what would it tell you; is there anything that you see later on in this summer / early fall in cycle work that tells you we could be heading into, let's say a cycle low or another major downturn?

Tim Wood:

Yes, I do see that; again if all of the i's are dotted and the t's are crossed on this DMA[?] marker that I see that could coincide with either *the* top or confirmation that we have seen the top; and from that point I think that it gets ugly... this reminds me a lot... I agree that this year is a pivot point, there is no question about it;  I highly respect Arch Crawford - I know who he is, talk to him on occasion, and what he is saying I can see cyclically how it lines up with the things that I'm seeing so he's right; I agree with him completely.

This caught my... ear because it goes beyond the purely economic. DBS in his podcasts has talked of early June 2010 IIRC being significant for the US markets at least on account of amounts of US public debt coming up for rollover or repayment and fears of the sovereign debt bear is mauling the markets currently. But anyone have anything on this Arch Crawford person and the implications of what he's saying? Sounds unsettling.

"Wars and rumors of wars..."

[CrackSmokeRepublican]

I listened to it too.  Many very "successful" and "bright" people in Finance right now are likely holding their tongues as they see "current events" for how things look -- if they spoke the truth they would likely frighten too many people...

Keep in mind about Archer's comment:

http://www.youtube.com/watch?v=XoThe9Ez ... re=related