wayne's wednesday, page-17

Hi Peter, I did say that the collapsing T may be higher than the March low as Laundry suggests. even in the 2002 to 2007 bull market we saw some hefty corrections along the way. They were consistant with T theory except that the new lows were be higher than the old rather than lower

I know I may have seemed like a permabear for forever but I think history has shown I had good cause to be skeptical. But a collapsing T next month may be a good buying op.