Thursday, August 2, 2007

Counter Trend Move Well Underway In Equities

The counter trend move in stock prices is well underway and showing all the traditional
characteristics of a counter move.

We continue to keep the hedge in place and look towards the end of August for the ultimate low.

I don't really expect this counter rally to be a straight up shot. Instead I think it might take a week to 10 days to hammer it out.

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