Well, here we are. We were there but now we're here. "There" was last month and the month before which was 153.75 months from the low in '09...so month 153 and 154 as marked with the two blue verticals.
This month is month 155 starting new cycle. So far this month has been down...you know that because the candle is red. Bwhahaha
Down into the new cycle cold portend down for the new cycle. Of course, the candle could turn green at or before the end of the month which would turn everything back into a wait and see scenero again.
if it stays red and especially of it breaks below the 33750 priceline(second horizontal line from the top)...we got us a good chance of significant downage.
