based on the current read of the McCellans we're due for a bounce here of very low oversold levels. -258
that bounce is a short...all the BP's are cascading lower together, sell signals on "all" index charts on P&F...
Nov lows are not going to hold very long...weekly momentum is just "now" turning negative? this is not good...5-6 weeks of turmoil has to hit us before we bottom and bounce for good.
your June July time frame may work once we clear out the panic sellers at some point near term...
Did you know that the low of 1932 was in fact a cover of the 1903 naked bottom?
I had no idea the market would be strutting around for so long with its naked bottom exposed for all to see -- just being a showoff trying to call attention to itself, I suppose! LOL
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