Rick Ackerman (from above)
"The chart below suggests that although we missed a great opportunity to short the Diamonds a couple of weeks ago, we’re likely to get another chance, and probably soon. Note that the most recent rally produced a price peak of 107.33 on August 10. That high came within just 0.05 points of an important hidden pivot at 107.38, strongly implying that the three-month bull cycle that produced it is completely spent. For this reason, we should expect the bear to dominate in the weeks ahead and perhaps longer. "
MArkets react to 3rd best sales on record? but slower than expected? LOL crazy man, from a mountain top you look down...
http://www.bloomberg.com/apps/news?pid=10000103&sid=agkeb7H.i72M&refer=us
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