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Strategies & Market Trends : Cadaver's picks

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From: Cadaver11/12/2007 10:01:13 AM
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MAJOR REVERSAL of markets

I believe the following have peaked:

Canadian dollar ( FXC )
Euro (FXE) will lose less than FXC, but its a good time to get out.
OIL -- if it doesn't go above 100 in the next two weeks, its coming back to 60 or so.

The following will take a pause from their decline and eventually reverse:

USD
NASDAQ
SP500

Don't get me wrong: the first bounce back up will be just a reaction to being oversold. NASDAQ could go down to its 200 DMA.

It may be 2 to 3 weeks before any losses are even close to breakeven. This means you are better off playing the down side of any bounce in the next two weeks.

The following will be attractive buys for the next 6 months: AAPL

I will post again when the time is ripe.
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