I am in your camp, I think we are being set up for a major decline, but we must breach 1330 or so before the waterfall. Look at the declining volume and the anemic new highs action. I think we are going to "grind" a little longer, probably until you see a sudden expansion of the lows beyond about 60/day. Then the expansion should accelerate (and prices should come down fast as well). At least that is what this "blind bat in a chimney on a moonless night" sees (g).
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