Wednesday, 14 July 2010
Markets have enjoyed strong rallies and unwound the oversold conditions,but volume has been poor,suggesting the rallies are unsustainable.The first peak marked 1 was on July 17 2007,lets see if the 3 year cycle can mark a peak.Interestingly we are around 3600 pts below that high so there may be a Gann square operative.Note 3 consecutive lower lows on monthly chart.
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