friday trading, page-3

Happy 80th anniversary of the 1930 lower top on 16/04/1930.

Laundry says top in next few days, 2 weeks down and then May 20 top then 1 month down.

Below is a CMC chart so probably looks a little different to others.

First leg up was 14 weeks as was the second (by one count), and this one is in week 10.

So if this one becomes 14 weeks we get to about May 20 at the max.

It would be a first if we did that without a down week or two in there, so that would match with Mr Laundry.

So I'm happy with his timing although not confident a May top would be higher than an April top.

If we are making new highs into next week, dynamics probably allow SPI to reach just below 5100.

Throwing in a second chart on put/call which "must" signal a top any day, but maybe a divergent top in May MIGHT be the highest for price.