There is a confluence of linear and dynamic timing elements lining up on 8/20/10. Also, the nearby continuous futures tested the top of a 6 month channel at the highs today. I put on a small short position in early trading today, though I'm not convinced this is a major high yet.
Another series of cycles line up on 8/31/10 +/- a trading day or two. I'm guessing it may be a low, but I'll wait to see which way we trend into that timing window.
The most significant cycles and fib timing, suggestive of a major change of trend, line up at the end of the year, give or take a week.
Kim Rice 8/20/10
Thank You!
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