For those of you with busy schedules, here is an executive summary:

Gold set another new all-time high Thursday, April 7th , while Oil closed above $110 a barrel, as Japan experienced a powerful 7.1 earthquake. The stock market fell momentarily, then shrugged off the latest natural disaster and closed mildly lower. Stocks have meandered sideways the entire month of April. We have a phi mate turn date scheduled for next week, which could return volatility to the market.  There is a high probability that a significant top is approaching, which should arrive sometime between now and Easter, which will be our actual next phi mate turn date.  Price and time congruency we show in the chart on page 11 suggests the next multiweek decline in ! stocks will start more toward Easter, and from levels 2 to 4 percent above current prices. No guarantees, but that particular analysis is suggesting that. The large degree charts on pages 8 and 9 are also looking for another 2 to 4 percent rally in stocks before this coming decline begins.

The best confirmation that a multi-week decline of significance has started will come when our key momentum indicators move to sell signals.  Tonight they remain on buy signals, the combination key trend-finder indicators (Purchasing Power Indicator, 30 and 14 Day Stochastics), the Secondary Trend Indicator, and the Demand Power / Supply Pressure Indicator.

Stocks could fall Friday and finish their small degree wave  4  down, then start a rally that takes prices higher by 2 to 4 percent next week. See charts on page 15. The top alternate scenario has the wave  4  bottom complete Thursday, and wave  5  up has started.