Lets call a spade a spade, so far that powerful July rally has been a third visit to the "tenebres", almost as bad as the robur. The only positive sign is that we have now created a trading range and once we get out of it, it should be quite a rapid run, and since most indicators are still pointing to excessive optimism rather then [pessimism (even the advisors are finally turning a little more bearish.) I still feel the run will be up.
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