The 2nd half of May would be a fantastic panic bloodbath sell-off atrocity exhibition, with us completing "A" down in early July.
"B" would be the summer rally ... take a breather ... everything is going to be OK ...
"C" down, which corresponds to everything from 1440 south on the 2008 tape, could then kick off in earnest with the German elections in September.
2008 was faster than 2000. We may be on an even faster pace down for this cycle.
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