Inter-Reference with Gold:
Inter-Reference with Straits Times Index and MSCI Singapore as illustrative example:
Inter-Reference with Euro analysis as illustrative example:
*Euro Currency Note:
Markets may price in Greece's 4-month negotiation extension with creditors as "will be successful" by having Euro going up first. This will wipe out Euro shorts that shorted on breakdowns in the market. If negotiation is indeed successful 4 months later, markets to sell Euro on news 4 months later; if negotiation fails, markets to sell and hammer Euro doubly hard 4 months later.
What is assured? 4 months later --> Sell Euro (Euro shorts would had been wiped out)
5. The above executions (reverse psychology moves) will inflict majority of traders and investors with another round of losses.
7. Many "experts" are now coming out with stale trend charts of everything that had already been happened in the market commenting on how the trend will carry on. The reverse play is coming soon when self-proclaimed gurus are coming out to draw late trend charts and commenting like a pro on nice trends that seemed to be going to go on perpetually.