In this video I discuss the possibility that the October 2014 trough was of 40-week magnitude instead of 18-month magnitude in the US markets. This would explain the recent disparity between European and US markets.<br /><br />Whichever analysis turns out to be correct, it makes little difference to our trading today, but it does imply a slightly different medium to long-term outlook.<br /><br />As the correct analysis emerges, it will pay to understand those longer term implications. <br />http://0s4.com/r/DQM3PK
