If that was a top in the US, and we have been running about 8 days behind them on turns for a long time, then McLaren's Aussie turn of 17-19/05/06 looks pretty good.
My expectation of a top in gold for 3rd week in May will fit and the latest action is probably an exhaustion that will take some consolidation if not retracement. 2 months would not be unreasonable.
Nikkei futures now sitting on last line of defence and FTSE gave up a lot.
Interesting times ahead.
are we forming a broadening top., page-89
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