fireworks friday, page-90

gse

yes, that is very much a possibility. one would expect that the market should reach a short term top tonight and retrace some early next week. it would be unreasonable to expect the market now just to continue up every session (keep in mind markets are also not reasonable mechanisms).

no doubt a pull back will occur in the next few trading sessions, how severe that'll be will be interesting to watch. but after that, trend will resume.

i'm pretty much convinced we are now in the last 'blow off' stage of this long bull market and at the end of it we'll see a nice sharp but possibly drawn out correction.

even though I'm saying we are going onwards and upwards from here, to higher highs for the next 2-3 months. I've also been very very much the opinion all yr and nothing has changed this yet, that we'll end the yr lower than we started. to achieve that a 15-20% correction will probably happen towards yr end, might even start in october.