I should just correct that post above by saying the 8 year LT cycle gives a Projected target of 4500 by Oct 2015, not the 4300 mentioned. So maybe we get a combination of the 2 cycles with an oct 2015 low around 4500 followed by a lower low from the medium term cycle at 4300 in Mid 2016. Will be watching with interest, Account currently positioned as 80% cash and will continue to hold all freecarries through to end of 2016. Looking for select long trading opportunities around both those anticipated low turn windows either way.