friday trading, page-73

PB

Both Laundry and McLaren emphasised the negative while allowing a postive outcome.

I have no problem with that as any system must have a point of "wrongness".

So where is your chart? It is not that hard to to do and a picture paints a thousand words as they say. I look forward to your analysis but would love to see the picture.

I strongly believe May is the decider between a normal 7/8 year correction and a 1974 type scenario. So far the size of the downmove and the time factors are all just "normal" so it is now major or minor deciding time.

I think we will see much debate this month about which it is.

Because I believe the US markets have years of sideways action ahead, I wouldn't get too excited about the upside.