Dinzie's latest.....edited -- siempre lo mejor

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Date Posted: 10:32:55 09/15/05 Thu
Author: siempre33
Subject: Dinzie's latest.....edited

my inside source sez: "I see no rate increase...... same as Paul O'neill implied on brinkers show last week" to which I have to disagree, although it COULD go either way...siempre

INTERIM WARNING BULLETIN 14 September 2005 #20

"As indicated in the Interim Warning Bulletin of 11
Aug 05, our thinking is beginning to expect a brief market rally in late August that will be deceptive and not the main trend, followed by additional weakness toward a bottom in September or October...Keeping some reserve cash in your Attack Capital portfolio might be a good idea in case new opportunities crop up."

THE DINES LETTER 19 Aug 05, Pages 9 and 10

As per the above excerpt from our last TDL, a "surprise" rally began in late August, perhaps a lucky guess. Indeed, the Dow has risen 5 out of the last 9 business days (up around 300 points), and it now remains to be seen whether the remainder of the above prediction works out also. Bulls have been encouraged by this rally, and are suddenly more optimistic again, which we suspect is setting them up for the market decline we expect later this month into October.

When might the projected decline begin? Predicting very short-term moves is considered "impossible" by most Security Analysts, but we cannot resist guessing that a Top Formation might occur during the week of September 19th. As a blind guess, pushing ourselves to our limit, a Top might be reached some time around 21 Sep 05.
How deep might the next decline go? Listen, we're just grateful to get the direction right but, as a rule of thumb, we do not yet expect a new 2005 low.

What if we are wrong? If this rally keeps going higher than we expect, or if there is indeed a new 2005 low, we would need to make a serious reevaluation of the market's prospects on the spot. We will say, though, that there is an undertone of strength in this market, so our latest guess is that there will be a moderate decline followed by a decent year-end rally pending developments as the market situation evolves.

The good news is that uranium has made a new high at $30.75 (US) (spot) and all Uptrends remain intact. As we have often stated, we are waiting to see which of our uranium "chihuahuas" break out of the pack and merit a shot at our top-tier uranium recommendation.

The precious metals remain firm, but we suspect that there will be a Consolidation showing up by the end of 2005. Platinum and gold are stronger than silver and palladium, and that mixed strength is another clue of possible upcoming lateral motion for a while.

(c) 2005, James Dines & Co Inc. All Rights Reserved.

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