OK hot, sorry...from the top in review. Terry Laundry has stated on his website that he believes there will NOT be a substantial eoy rally. He must believe that 29/12/2008 will be some sort of top as he has this date as the start of the next leg down in the bear market. It was Volt who picked up on this and started using some Armstrong counts to try to predict the low date.....I have added to that discussion using a few different Armstrong numbers and now also 55 days which is a fibonacci number.
My theory, fwiw, is sideways to slightly up until the 29/12/08 then a sharp decline to around the anniversary of the Jan 22 low...then a riverdance till around the anniversary of the March low when we will have a lower low as we did this year.
That's my story and I'm sticking to it....until I change it.
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