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[Jimski]

Hi CA when you look at it on your monthly chart I think the entire slide from 14000 last oct to now is Wave 1 of a much bigger wave complex then I have shown on my daily chart. Wave 2 that forms the near term bottom , will also probably form the right shoulder of the Head and Shoulder you have on the chart. In other words this is a multiyear topping process going on and the bear has many years to go before an ultimate bottom which I bet will be much much lower than today IMO at around 3500. Along the way thought will be some fantastic bear rallies. Just my opinion.
Edit oops looks like posting the chart cut off my wave 2 on the extreme right of the chart. It might go back to 10000 or so when it comes IMO ( next year?).