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4:30am Berlin time


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#1 voltaire

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Posted 30 June 2012 - 02:27 AM

Yes the decennial/presidential and annual charts all said the week would finish strongly and better times ahead.

The implications for the US are for some resilient behaviour into perhaps mid August. Still expect Oct/Nov to see some sort of low.

Yes, highs at the start of April and May and a low June and Gann degrees says watch Mon/Tues for reversals. A double reversal, that would be neat!

I also showed a higher double bottom scenario as the alternative to what looked like an obvious ABC and various indices were stronger or weaker BUT I think we can say it worked and I think that is quite positive fo rmore than just a few days.

Higher double bottoms are common from serious lows and are very bullish.

It could turn into something else but pretty impressive.

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US markets are still bullish on a monthly basis for now.

#2 voltaire

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Posted 30 June 2012 - 02:32 AM

Oops Why did I mention 4:30am Berlin time. Well that was about when the latest "good news" came out. Yep I am in Australia and you don't expect breaking European news at that time. Surely there was no plan to rally world markets into month end (financial year end in some countries like mine). I need to keep slapping myself for my cynicism!