The link below is to a 5/26/10 interview of Larry Pesavento where he says the next few weeks are similar to the Oct 2008 meltdown period as far as planetary alignments go. I don't know if he will be right but, if we're kicking off wave 3 down, a meltdown could happen any time. Crashes come when markets are in an oversold condition, however most of the time the market will rally from oversold conditions like we have now.
CIT dates for June in my work are (with scale of 1 to 10 for significance):
6/2 (1-10 scale=2)
6/7 (4)
6/14 (7)
6/24 (7)
As usual, there is no way to know for sure what will happen in the markets. I will just trade around my CIT dates and add, lighten, stand pat or reverse positions based on what the sentiment, technicals, E-waves and other patterns or fractals look like as the dates arrive.
For the Larry P interview, click on the following link to Frisby's Bulls and Bears: http://commoditywatch.podbean.com/
Or paste the following URL into your browser for a direct link to the audio file: http://commoditywatch.podbean.com/mf/web/cp3h5k/LarryJune2nd.mp3
Kim Rice 5/29/10
Great stuff, thanks
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