Short Term Trading Member Forum

[pmiles]

Hey John,

All I know right now is that we have a 5 week and 10 week downside FMA target.

I believe that there is a 5 week low late next week or early the week after. I also believe that it is a 10 week low.

So when we get to that low and see it confirmed we will know if it overshoots, meets or undershoots. At that point we will know if there is a down trend now in place on larger scale cycles (at least the 20 and 40 week)or not.

That's about it other than - yes the price movement since early February does suggest that it was a 40 week low.

I try to stay away from the media but am often unsuccessful and the number of headlines saying this is like 1929, or like 1987, or like 2000 tends to make me doubt that there is a big drop coming.