Jill, actually, I have a very high probability that we have seen the preelections lows last Wed/Friday, and that we will have a steady advance (take into accounts, however, the caveats, I mentioned earlier for next week) till early to mid November. Unlike most Octobers, I do not see major problems in October of this year (but beware, October has a reputation for crashes). As for the "May Crash" next year, it is simply due to the fact that, currently, I think that the first leg down will be quite brutal and set up the stage for a pwerful bear market rally, these inevitably are followed by slow, but treacherous "Chinese torture" declines, culminating often in a climax. We should now by the middle of January/early February if indeed the likelihood of such a scenario is high or low.
Zeev
irrevolute.iuma.com |
