John,
Thank you for your informative reply. My analysis is a muddle. I can see the 4.5 year low but the 9 yr low still seems to be in the future. The price channels have not confirmed a resumption of uptrend, but my indicators (cci and halfwave stochrsi) show topping out to 6months (9months pending) but without trend confirmations
With flat position, I await clarity and may join you in some longs after a pullback
Thanks again,
Oddlot
Stay on the right side of the cycle!