I view the current pattern as very similar to what we saw around last year’s market top. If the outcome turns out clearly different, I will openly acknowledge that I was wrong. However, based on the framework I’m using, the current price action appears likely to once again turn expectations into disappointment and potentially deliver a significant shock to the market. I understand that this perspective may not be easy to hear, but I will continue to express my view clearly. At this point, the market looks quite risky to me. I’ve been patient since February, and since the rebound in April, I’ve been responding strictly in line with my criteria.(mignolet)