- The Dollar has flipped which could mean a lot of liquidation going forward for at least up to March
- All major indices seem to develop tops
- Let me remind you that "bottoms are datapoints" whereby "tops are processes" , i.e. this could morph into a rounded elongated top rather then a quick downdraft. This would also fit into the yearend seasonality where nobody wants a big down impulse.....
- Most commodities also seem to have turned which supports the liquidation theme
- The TimeCycles seem to hint at some important point in JAN 2010
- GOLD & SILVER seem to lead the correction, which will probably not go in a straight line...
Contrarian Question of the Year:
What if GOLD is doing more than the expected (me included) correction down to 1070-1030 and instead decides to go deep......everybody seems to be married to the correction idea....??
We will follow this development in detail here at REFLECTIONS.
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