spotty wednesday, page-100

Jaolsa

Sorry but no gold chain for you.

I had April 2 for a top and you had April 10 on SPI.

April 4 is it so I will wear the chain with pride when it arrives.

The question now is, what is this move down.

Hedgie things massive new lows, Treggs thinks 4770, Jaolsa like me thinks a higher bottom and the list goes on.

No one seems to think just higher which is a bit of a concern.

I concede new lows in May are possible although 2 out of 3 cycles are up it seems. So if new lows happen from here without a move above the current rally high then I would still expect them to be no more than Tregg's number at most or 4758 which was my target earlier as the 2006 low.