Sic transit gloria mundi
I wholly agree with the near term outlook.Next week offers the first chance to make a play <1500..to 1480/70.There is a 'small' possibility of a flash-crash to around 1430.Regardless, bears can start to get excited! :)
Oh I could see a minor crash in mid-May, and a major one in the fall.Maybe the fall crash is with the German elections, when they elect a bunch of Young Hegelians.
Hey, Doomster, I like your H&S you have shaping up.I wonder if we can work our way down to the 1485 neckline by the May 1 FOMC. Then we can bounce ... and, well, there's another McHugh phi mate turn coming up ... maybe this one can hit hard, as in our mini-crash.Again, full crash in the fall when Merkel is sacked and the Germans return Mark to market.
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