I don't know what takes more courage Revels - to liquidate, or to hold on. You can certainly take comfort in safety now.
Perhaps I'm putting too much faith in my interpretation of the charts (pardon the simplicity of them). I think the end is imminent, but still a short way to go up before it happens, based on Thursday's candle when the DOW broke resistance. If you take a look back, June 07 was the start of triple divergence and it took till October 07 for the DOW to give way.
Naturally I could be very wrong, but I think it could be a few weeks off before the same happens again - if you take a look at the 2nd chart where the monthly slow stoch shows a break of the trend in an encouraging way, I can only see one way to interpret that.
Good luck everyone!!
J/W
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- 12th nov 2010
12th nov 2010, page-46
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