Sunday, August 5, 2012

A Little More Time

Thanks for the requests to resume posting.  I appreciate the positive comments.  I will be coming back this fall.  I apologize for the inconvenience.

It does look like the current rally will fail soon.  Market breadth is not confirming the rally.  Look for a restest of the summer lows this fall with a possible low-risk long entry into the spring of 2013.  There may be some shorting opportunities, but don't overstay your welcome.  The short side has not been too kind to intermediate-term traders over the last 3 years.

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