marc, I show 200,000, I guess x2.
Bleeker had a post a while back about the macro effects of the english economy (inflation) and the bk of eng. shift to a tightening bias. Taken together, it seems to be continuation of back and fill and go sideways. I thought it was a value at 13 and 14.
Let's see, at 12 1/4, if we get a 62% retracement by xmas, then we are looking at 18 plus or 50% gain. I keep thinking this w/o acting, but think it is time to do so.
Remember when thqi imploded, and was just below 20 and everyone was waiting for 16 or whatever. What I remember most, now, is that I bought lator, higher, and it didn't matter how much lower it went in reflection. On the otherhand, the mkt is probably looking to pummel a major economy along with the third world and the one economy that is in a tightening mode could be it.
I guess I am saying I don't have a clue which way from here either.
best, stx |
