the paradox of capitulation, page-6

$3 bounce in the aussie suggests a very strong bounce in our markets today. I'd say a lot of cashed up funds will pounce today. Fwiw I think markets will rally from here and re enter Treggs down sloping wedge and consolidate in there. Then we may actually see it break out to the upside in line with Volts 3 favourite cycles albeit tempered by the 40 yr.