*Click to enlarge, see notes made. We also have inverted Head and Shoulders which point to 1200 area, where we have also downtrend line (dashed) and 61.8% FIB. Can never be certain, but I dont think SECULAR BEAR can resume until that level is reached, and most by then will feel the WORST is over.
ASSETS are being reflated as in stock market assets, multiple BUBBLES are being developed, maybe the worst iN China, where much of stimulus is finding its way into stocks and real estate....in a country already consumed by TONS of BAD LOANS....that is being piled on, their mkt up near 90%.
Just as huge divergence found at MArch lows, I think we'll see reverse near THE TOP.
LONG SHOT is just as smaller H and S formation break was negated, so may this breakout from inverse.....with upside resistance dead ahead....a short recess seems likely.
There is no set TIME a BULL can last.....this is one party you DONT want to overstay welcome.
Duratek
No comments:
Post a Comment