The Big Boys, page-501

hi Rhodes
march volume test should see red but wait and see. just cant see point of holding or trading financials or materials here.
even the bulls accept may 2015 was the spx high.

next step about to play out. pattern is spx down, gold up. goldies already risen some up 10 fold then equites and commodities up. still at gold stage. no complaints

time frame historically on dow and spx has been 7 year cycles. in recent times seen 5 years up then 1 to 2 years retrace. could see multi year reversal here. 2017 - standard 2 years or 2020 5 years or inverse of 1980s onwards where had support for years


march could be a beauty. if it does break then some support at 1650 level where should give it another solid crack. if not then no complaints. last 7 years been a good run and happy to move on for awhile