MBO Issue 44 (Aug 2015) Cleanest Dirty Shirt Is Back
By Lawrence
Content
- Review
- Euro’s Roller Coaster Ride Down To Par
- S&P Breadth Correction Completed
- Gold Going Lower
- Big Picture Summary
Review
The expectation of a painful take down of euro was spot on. Instead of a smooth drop lower, we have cloak and dagger drama politically, leading to twists and turns in euro. At the end, Euro still went lower.
The 5% correction in S&P completed last month with very strong interest in buying that dip. After the initial buying rush, the old resistance zone still stopped the rally stone cold. S&P ended up going nowhere by the end of the month.
Gold has started its flush out process that I warned about last month.
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Comments
Hi, LC. The first essay is done. I will be sending it to you on Friday. Please look for it under the name “Jeff Adams”. That is another email account I use to register for online offers (a way to track when I get junk mail).. Please understand I do not want to send it by my work email, for obvious reasons.
Got it