The 1st chart indicates that the structure of the rally seems too explosive for a regular new bull campaign........
The 2nd chart shows us that we've reached the min. requirements for a bear market rally. The 1938 comparison and the dow theory confirmation on friday indicate that it could run another month to tag the 50% in Time & Price.
Bottom Line:
- Seasonality, China, Baltic Dry, Nasdaq hint at quick turn....
- ...but time and price targets could see some more aging.....
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