The first call for a rally was made within a few days of the market making a decisive break to the down side from the Nov peak, just like a call for a relapse was made within days of the October rally launched itself. The turnips are seeing too many short term twist and turns that Mr. Market is deeming unnecessary.
Kayaker is keeping a record, on 11/24, I had a run to 1500 plus, achieved on 12/2 (1521) and then a dump witha target of 1378 ( #msg-595913), reiterated that ad nausea (see #msg-609399 from 12/4), and few times later, put on not "very shinny horns" at around 1400, with a line in the sand at 1347 ( #msg-624043). We bounced from that line in the sand. Yes we got lower than I expected (1378), and yes we area week behind schedule. But you and Brightness are too impatient to wait for the flock to come home, and if the schedule is not met by the minutes, the whole scenario stinks for you. Patience.
If this decline was serious, you would see expansion of new lows, you don't, you just see low volume churning, so yes, I am still bullish (and went to bed with about 10% cash only, though after taking some nice profits this morning, I was above 30% for a short while).
However, the stage is being set with this weak performance here for a serious dump late in January, as called for in the current scenario and possibly through the whole first half (more or less as described on 12/7 in #msg-614572, except it may take another week to peak, thus moving the potential top later in January maybe to coincide with expiry).
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