DEJA VU ALL OVER AGAIN...AGAIN.

Source: Market Anthropology

S&P500 hourly, summer 2007 (red) / summer 2011.  

This analog suggests a modest bounce here, then a shocking drop to new lows 
leading to a significant turnaround and major rally.

(Position as of 27th June 2011)

With cries of alarm over Greece now ululating across the financial airwaves, there's a sense of deja vu among some who recall the wild summer market of 2007.

DEAD CAT ON A WILD RIDE

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Lakshman Achuthan from the Economic Cycle Research Institute (the world's most reliable forecasting organization) sees an imminent global slowdown

It's been an unusually long time since I posted.  Between travelling, writing and work commitments I've frequently been tempted to 'put my oar in' but, frankly, I don't know that anything I might have said would have added much to the message I've been spouting in these columns for what seems like far, far too long.