The Odds Are High the Bottom Is In

Posted by Toby Connor via Peter Grandich

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“Today should be the opportunity to get on board what is likely to be a significant rally over the next 3 weeks and probably a move to new highs over the next 2-3 months. 

However I think the really big money will be made in mining stocks as gold should rally enough to make it’s first test of the all time highs at $1900. It’s not unreasonable to think miners will follow and test 640 during this time”.

“Typically the stock market will rally fairly aggressively out of one of these major intermediate bottoms, often gaining 6%-8% in the first 15-20 days. At that point the market will dip down into a half cycle low that will establish the trend line for this particular daily cycle”

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….4 more charts and commentary HERE