We are simply in a brand new Intermediate Down cycle…just 4 days old. A very short Int. downcycle could be only 7 or 8 weeks in duration but, most go over several months. We could easily end up giving back 50% of the prior upcycle gains. Dead Cat bounces and cycle reversions are normal but, the bloom is off the rose already. Gartman is loading up long right now which proves that he really has not a clue. Beware and as Clive has stated: Protect Yourself.
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