Dear New World Investor:

Fractal analysis showed

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Dear New World Investor:

This has been the strongest upswing in equity markets since 1938. On a fractal basis, this is one of the most overstretched markets I have ever seen – and one of the most confusing. I thought the upmove was done last Friday, and we would go into an 11-trading-day consolidation until August 10. We may even be in that, because a “running consolidation” can simply go sideways right around a new high. But since the prior run up was so fast and furious, I thought it more likely that we would see a quick drop back to 945 on the S&P 500, perhaps with a few touches of that level, to increase negative sentiment. While that could still happen, time is getting short. The problem is that while the

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