aug 16 revisted

I think what we may be seeing here at this very moment in time is a market reversal a bit like,but not as dramatic as, the one on Aug 16 (or was it 17 ??) anyway I made a killing that day but sat limply on the sidelines today. At least I sold nothing.

But : gold is up sharply today after a recent shallacking, All ords started slightly red but now a lovely shade of green, DOW futures look healthy, Asian markets flat to recovering after ysterdays flogging and of course we just witnessed in CVI the fireworks that can often be associated with the end of a trend up or down. Followed by a sharp recovery

I've now gone all warm and fuzzy.