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Thursday, November 20, 2008

The final capitulation

Well we got the break in the DOW below 8k, very quickly to 7500...personally would be looking to buy something soon for the quick pop...

7k? Oil also down to interesting levels.... GOLD steady...

Looks like maybe one more BIG panic day down or two ..and then we rally...

HOWEVER... the more the govts feel obliged to intervene the lower we may go and the pops will be not so large!

Keep eye on more move up vs other currencies...and then that may be it..will look to GBP near 1.40...

euro yen near 95-100

euro usd - 1.19

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