Since my last Special Alert which was written at the start of May with the theme of SELL IN MAY AND GO AWAY, I have had a lot of calls and e-mails asking if I had written another since. I had not because I saw no reason to veer from the message in the prior Alert. The early May Alert was probably the most technical Alert I have written and I concentrated on the monthly charts. That is not something I usually do. Typically, I only refer to a monthly chart when I think that ?bigger picture? viewpoint is seriously worthwhile. My focus was almost exclusively on the monthly charts because I believe the April 26th high was the orthodox top for the recent ?reprieve rally? that began with the March 2009 low. When I went over my monthly charts and saw the amazing convergences in the various charts, I was quite surprised. The chart below is from that Alert and sums up all of those charts with the highlighted target range – which had already been reached at the end of April. Look...
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