George i am returning to my conjecture that big selling pressure won't materialize until those that bought post last July lows start hitting their longterm hold and thus only 15% capital gains tax. This pushes us into August.
But from that point on in that we include those that bought in at October lows, the profit taking should be relentless, imo.
The potential alchemy is, mix a "blow-off top" and a vast number of people wanting to sell for profit at the 12-month mark, we have, (NO CRYSTAL BALL, here), a collapse potential that starts to develop in August and could well go to November the 7th. Just pondering:)
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