Been saying for about 2 months now that the US won't crack it until about mid Jan, I keep to that.
From cycle fitting I have done on the XJO, the first cycle (of the 3 I have found) turns down on the 16th of January, which is right on que with the US.
The next two cycles turn down on the 28th and 30th of Jan from memory.
That means at the end of January, begining of Febuary, we have 3 very distinct cycles all down at the one time. Should be very heavy selling pressure here.
Last time 2 cycles where down at the one time in close proximity was the Oct 2005 correction. The last cycle turned down at the exact top.
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