INTERMEDIATE TERM OUTLOOK: BEARISH: S&P: 1200
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We are very bearish looking out 6 to 9 months
It is possible the S&P could rally into the 1389 zone
We believe we will fail from there
The longer term charts, monthly and weekly are bearish
YOU MUST TRADE IN THE DIRECTION OF THE LONGER TERM TREND.
We are also in the 3rd, 18 month cycle of a 54 month cycle of the market
The first one peaked at 86% of the cycle: very bullish
The second one peaked at 66% of the cycle, still very bullish
This one may have already peaked at approximately 43% of the projected cycle: slightly bearish
This indicates we may test at least 1200 on the S&P in the next 6 to 9 months
GLTA
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DISC: NO COMP ON KO