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<There was that weeks ago, but now these indexes are treading water, more or less. The MACD indicators have been direction-less. They won't stay that way for long.>

I agree with you. My point about channels is that even the short-term breakdown in international markets is within the long-term channel. If they stay in the channels, all the markets will break down soon. However, if they break upward definitively out of the channel (which hasn't happened for 2 years) it would be a sign of a new bull market.

I don't see the fundamentals (real economy, fiscal, monetary) improving to support a channel breakout within the next 6 months.

What do you think?
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