My prediction has been for some range bound trading to start July, followed by a pattern of quick ramp ups and slow grind downs. I was looking for a local low in mid-July, and a bottom in mid August, and then a reversal of the pattern - sharp drops and slow grind ups - into the end of the year.
Now I'm thinking that the ramp up/grind down pattern has already begun. With prices starting at this higher level, it will take a bit longer for them to work their way back down to their eventual low. I'm starting to see the end of August as the time frame for the bottom...
Glad to see this agrees to some extent with your work.
I think this current ramp is about over. I'm short a couple of issues, and will add more today and tommorow. All IMHO
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