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...rough model of market waves originally described by Wall Street Journal co-founder Charles Dow at the turn of the 20th century and refined and popularized in the subsequent decades by Journal editor William Peter Hamilton. Prechter studied Dow theory but soon moved on to the mostly forgotten work of Ralph Nelson Elliott, an accountant who, while bedridden in the 1930s, charted stock-price movements and found intricate patterns based on the Fibonacci number sequence (in which, after 0 and 1, each number is the sum of the previous two: 1, 2, 3, 5, 8, 13, etc.). The Fibonacci series...
...work? Mardini notes that there have been no reports of heinous attacks on Muslims anywhere in the U.S. "Our worst nightmare has not come true," he says...
...formed." Such a denunciation was to be expected. But even those who back the plan worry that Karzai's corruption-riddled government is so detested that money and jobs will not be enough, on their own, to woo fighters to switch sides. "Paying the low-level [Taliban] may work temporarily, but it won't solve the main problems," says Ishaq Nizami, the former head of the TV and Radio Directorate under the Taliban regime. "There is so much corruption and no laws. In many areas the Taliban have been able to bring security and justice, which the government...
...State Hillary Clinton said recently that the U.S. is "not interested in staying [in Afghanistan]" and has "no long-term stake there," she probably - if inadvertently - caused fence sitters to reconsider their options. Indeed, Masoom Stanekzai, Karzai's point man on the reintegration policy, says that for it to work, a U.S. commitment of more troops is important. "The stronger presence of security forces in an area means that more Taliban commanders are under pressure," says Stanekzai. "They will ask themselves, 'Continue and be killed, or join the peace process?'" (See who's who in Barack Obama's White House...
...focused on low-level Taliban fighters. But there have been moves to engage the insurgency's leaders too. In a sign of mounting frustration with Karzai's government, Obama recently requested an analysis of Afghanistan's provinces to determine which of them had leaders with whom the U.S. could work directly. The request apparently did not exclude Taliban commanders, a move that has met with approval among Afghans. "There are many capable people in the Taliban ... [who] can be an asset [to the government] if they agree to lay down their arms," says Haleem Fidayee, governor of Wardak province...