wacky wednesday - 380 point gain, page-32

Although the 25 year channel has been broken on a weekly basis last week, there's still a chance it's a false break. Only time will tell. It might only just retest the lower channel, in which case we should go down in earnest to new lows very soon. I make no predictions as I just follow the short term perturbations. However, I like to keep an eye on the big picture to see if I should be concerned; and I am.