forgotten friday, page-20

Stevie

Having my first look in for a while and haven't traded for a bit but should be getting back into it gradually.

I don't know what to make of Laundry lately. He seems to reverse his views once or twice a week. Yes his latest would suggest a top 2 years from our 2007 top about Nov 1, but by then he will have probably changed from bull to bear many times.

Two factors that worried me about a big bear move down from the June high seemed to be justified.

The consistent SPI discount was abnormal so early in a good bear move hence we are now closer to the highs than the lows of the last month or so.

The 5 period RSI on daily SPI kept the bullish character it had changed to in mid Mar.

I see Robbbbbbb mentioning Aug 7. The June top was pretty much 98 days from low and so I still see Aug 8ish as bear low possibility for 99/56/155 cal days, although Aug is usually one of the best months, but I guess a Aug 8th low is early in the month and could leave a good rest of the month.