http://www.businessi...given-up-2012-6
I really wonder how the the markets will look like in 6 months at 70 wk cycle low...
I think;
this market blows off into August, but I doubt there will be much to talk about after August...
A steep decline into the end of August, a steep saving attempt for the first 2 weeks of September and then,
a possible crash in the first week of October...
Then some sort of deterioration until January...
All of the cards that the participants are counting on and bidding for one by one will probably be proven useless on the way down... Everyone knows at the moment that the market needs us to believe there will be something good coming, but I am not sure the better days are ahead in the next 6 months. So, I will trade the remaining 6 weeks long, but nobody can convince me to be long beyond the middle of August...
For now enjoy the steepest vertical up coming through... Make me a believer!
Edited by arbman, 30 June 2012 - 10:33 AM.
