A facinating report from the Swiss Team this week. They are sticking to their guns that this rally is purely corrective and that July will produce much weakness in the major indexes. I must say, this sits quite nicely with the way i see things as well. SP500 rally to between 1370 to 1390 cash they see as the near term likely top area of the chart. In spite of Friday’s strong action they expect the dollar rally to sustain and commodities to extend a basing period with a final 5th wave lower before the CRB turns.
Anyway with any further delay here the report:Weekly03-07