our market..."sideways till september"

  1. 5,447 Posts.
    Looking back to previous time periods especially 90-92 I see a reverse head and shoulders forming,the right shoulder forming between now and September.The seasonal lift up October to Feb/March then down again to long term trend line going back to Dec 1990.The fall back may make the neckline depending on world events.By then the US Presidential election will be upon us which should give us some interesting markets.
    Another Iraq or Bush invades another unwilling country and all bets are off except for gold and survival rations.Gold is resting on 38 day ma but mayfall back to 200 day ma in slow trading.The US summer rally?we're probably halfway through a weak one that will peter out in July.Preservation of capital is main aim in next 3-4 months.
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