D., I think that we should expect a strong "oversold" rally starting around the 11/12 of December, it is not related to the BTB, and IMTO, will be just that, a relief rally, or a bear market rally, and I would be out by the end of the first or second week in January. It has nothing to do with the BTB, it is related to a. resolution of the elections, b. anticipation by the market of at least a change in stance by the fed's on December 19. Please, don't count on it to happen, since, I also expected a rally into the election and just after it, but we really did not get any, au contraire, the Florida mess gave the market an excuse to accelerate its down tempo, and it is now "ahead of schdeule". I had the 2500 level for next February, not now (g).
Zeev |
