Week 9
I have not had time to do the analysis of week 9.
But everything continues according to the analysis of the week 8. After this small rise, the fall will be to very low values. I still can not tell if it will last four weeks or more. In next weekend I'll post new analysis.
My position:
- Bear
Your forecasts remain to be remarkably accurate, including today's rise to $710,-. But such low values - really? You're expecting a catastrophe?
It's tough to remain bearish in times like these but I'll wait and see how this week will play out. But I'm playing along with you that today's rise was fake, although majestically orchestrated.