Humble1 and Swing Trading Friends Message Board

To: rkchris who wrote (8381)	7/3/2012 12:31:55 PM
From: llap	Read Replies (1) of 10599

Nonetheless it is a worrisome sign that the market reacts with euphoria after two up days only. While I don't see an immediate downturn either and still think the June 4th lows are rock solid, I do not see too much more upside in this bull market. The majority of gains lies behind us but we should make new highs this year and next before turning down spring or summer 2013. Any gains now will be paid for by volatility. IMO the real gains are with commodities. Also, M. Hulbert warns of sentiment hype: marketwatch.com From a longer-term perspective the "2" year as in 2012 of the decade cycles pretty much suck. There looms another low in August. In the presidential cycle, we look strong into next summer in general and this summer into early September in particular. If I'm right and the current make a meaningful correction from next summer, this is an aging bull (less robust gains, more volatility).