monday trading, page-124

Be honest with you, I did spot some similarity between these two over the weekend. But I am too scared to think about the possible 15%+ quick recovery over two weeks.

I would say the pattern is valid, could repeat itself. Only the current situation is quite different.

I would say we might have around 10% recovery with in a few days before heading down again towards end of October, to the second low.

Afterwards we mgith enjoy some smooth relay towards Christmas, like the one between March and May.

If the pattern repeat itself, anyone should out of long position during the current rally. We could never see that level again for a very long time...