Wow, look at the low on 24/12/08, it is slightly above the low on 5/12/08. In the last few days, I really kept my fingers crossed. I still believe the first low is the bottom of the commodity down trend. After retest the low and if it can go above -35, the commodity is going to run again, so do the Dow and the bond yield. I am looking at Dow to reach 12,000 within 6 to 8 months. As they run, I still have to monitor whether this is going to be a sucker wave. I always remember Murphy's Law " If anything can go wrong, it will". The main problem is that you do not know when. Merry Christmas and Happy New Year to all of you.
Tuesday, December 30, 2008
Looking for Confirmation
Wow, look at the low on 24/12/08, it is slightly above the low on 5/12/08. In the last few days, I really kept my fingers crossed. I still believe the first low is the bottom of the commodity down trend. After retest the low and if it can go above -35, the commodity is going to run again, so do the Dow and the bond yield. I am looking at Dow to reach 12,000 within 6 to 8 months. As they run, I still have to monitor whether this is going to be a sucker wave. I always remember Murphy's Law " If anything can go wrong, it will". The main problem is that you do not know when. Merry Christmas and Happy New Year to all of you.
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