I don't think we have seen the bottom of this downleg. The Fed interfered yesterday and have postponed what i think will be a very dramatic selloff. I still feel that too many people are still bullish and that complacency is lurking. Yesterday we saw a hint of the type of selling episodes i have been looking for now. So, more days like that to come and it will end when the big one hits.
BE safe and trade smart!
Wednesday, 23 January 2008
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