Fair enough - it would be an ideal scenario for the big boys to let it have downside so that everyone piles in thinking its the big C wave down, only to have it reverse upwards to new highs.
Do you think it can just power up next year without a correction of at least 10%? Seems like there is little volume or buying power left in this initial move up, and that some downside would be needed to flush out the weak longs.
Anyway, just my thoughts. Way too nervous to add to longs at these levels with so much divergence and weakening momentum, and the extremes in the markets - only 3% bulls for the USD - such extremes in the past have led to counter trend corrections - question is when.
See what happens.
Thommo
Fair enough - it would be an ideal scenario for the big boys to...
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