Dow next update

Dow feb 24 2018

So far it is a clear 5-waves sequence down for wave 1. Then an equally clear a-b-c corrective wave 2. After that it gets a little fuzzy but my best guess is a small 1-2 to start wave 3 (or C).

I have no idea why but obviously if you fall off a stepladder it doesn’t really matter un less you were close to the top. On nearly all metrics the stock markets in the US are right up there. Then if you watched Dana Loesch’s tirade at the NRA presentation at CPAC, you may well wonder if we are not close to the end of civilization.

With few exceptions the British police is unarmed and it has been that way for almost 200 years. They are intent on keeping it that way as it adds a layer of decency to the dynamics of policing civilians. This is in contrast to the NRA philosophy that the only thing to stop a guy with a gun, is a good guy with a gun or a teacher with a concealed gun.

P.S. In 1788 the United States of America had existed for about 10 full years as a union between 13 colonies. Its main enemy was the British Empire but beyond that there were the French and Spanish empires, at least 6 neighbouring native Indian nations, another 13 colonies and, internally, in most places a majority of mainly hostile slaves and no functioning police force. The union had no power to tax – the principle reason for its creation – and consequently “militias”, sort of “do-it-yoursef” armies, those referred to in the 2nd amendment, were used to protect property and life when needed. The cartridge, a device that combines a primer, gunpowder, the bullet itself and casing, would be invented in Paris some 40 years later. If you were very adept at front loading you were lucky to fire one shot a minute! This is what the 2nd amendment was originally based on. The AR 15 standard version fires 45 rounds a minute, technically 800 rounds a minute.