anyone see a massive correction coming, page-8

Copper has been getting hit hard since 11th of April 2011. It has always been a good economic indicator so we need to see it bottom before equities bounce in my opinion.

Sell in May and go away works more often than not. Terry Laundry has a major stock market peak by June this year. His mate Peter Eliades (however you spell it), has major turn coming April 27th as someone else mentioned based on a mega T dating back to 1953! Can we rely on these guys? the answer is probably no, most of the time anyway.

Laundry has changed his forecast so many times I have lost count. We were suppose to have a major peak in late August last year but when it did not occur, he extended it all the way to June 2011. Now let's not forget the boy who cried wolf story. Laundry is a clever cookie no doubt and I think his time to pick it 'on the money' is coming again so we should listen (to some extent).

The strength in the $AU has surprised many. Marc Faber has been short the $AU/$US and long gold since early last year. A hedged bet to maybe since gold has been so strong. Some may remember Martin Armstrong last year saying the the $AU will be $1.50+.... Still a long way to go but if we do get QE3 then the FED has totally poo pood on the $US.