friday trading, page-65

ninelives

Yes, would make much sense and what I suspect.

Still it is hard to be confident against the likes of Laundry. I have been saying I find it hard to accept his view apart from the idea of a rally into August. Cycles suggest to me that a May even June/July low makes sense but is does depend how hard the markets fall. If they fall hard and quick then the rally can base earlier.

I haven't seen McLaren's work for a bit and although I think he has a rally into 2010, his pattern based on 1938 or so has a sharp drop and then a big rally to a sort of double top and then a multi year decline.