tentative thursday?, page-8

Just went back and relistened to Laundry's Monday missive and once again he seems to be on the ball.

In summary for those who don't watch his work, his lower band was about SPX 712.

He said the market would continue down below it but would have a rally back to that level in a few days.

Well last night closed at 712.87.

His centre post he said would be about mid month and he also said after this minor rally back to the band the market would fall sharply for about 5 days. That seems to agree with some opinions here.

After that a much better rally would ensue but he believes once again the T will not be bullish as normally is and he mentions under 5,000 in their summer, our winter. Not sure why he uses a Dow figure there but I replayed to make sure I heard clearly.

Clearly not very bullish.