from the Nov high we ran up to another high 6 months later,then another in 3 months so the 12 month cycle seems a likely candidate for a top in which case the "risk-off" trade would most likely be triggered so a 6 month cycle top might be seen in equities.All conjecture until pattern gives us a trigger ie a reversal.The same cycles should be monitored in the euro and other currencies
Saturday, 29 October 2011
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