Dear Editors and Translators:

Here is a market chart of the American stock-market that Glenn, a good friend of mine drew up over 13 years ago.

It is base on Elliot Wave Theory. This fractal geometry is now being used a lot to describe market psychology. Glenn is the number one expert in the world on Elliot Wave Theory. Glenn and I have been friends for over 13 years. All market behavior has the same wave structure on the century, decade, yearly, monthly, week,daily, and minute level. The same basic patterns repeat over and over again in infinite combinations on all these time-frames.

But the basc pattern is the same. 1-2-3-4-5 for implulse waves up or down and A-B-C for corrective waves up or down. That's it. Since the American Revolution up to the American great depression in the 1930's the big waves 1 and 2 have been working themselves through. Wave 2 is corrective like wave 4. They are waves that stall and waste time. Waves 1, 3, and 5 are impulse waves They move fast and make progress. Well the big century wave 3 began in 1949 after WWII. It's smaller wave 1 fueled the boom of 1949-1966. Then a corrective wave 2 began. Glenn thought it ended in 1994, but it's ending now. Yes, it was an extended wave 2 going upward. It was a running correction and it stalled and wasted less time because of enormous underlying market strength. This wave 2 will be through in 5-13 years and then wave 3 of 3 will begin. The biggest global boom in history will start. The Dow will go to 100,000 by 2030.

But between now and 2010. There will be great turbulence. Governments and nations will be swept away like leaves in a tornadoe. The big warning shot is fired towards the end of Two Short Stories in Challenge and Glory. This is why the author has decided to release all his writings for simultaneous publication and translation in America and abroad. The time has arrived now to throw a compass out into the world.

Michael