calm before the storm, page-6

imo, there is no indication that the
market is 'getting better'... this is
a technical bounce off a support level
and just a stop on our way down to 5200
and (possibly) lower.

we are in a bear market, the US is in a
recession, financial institutions are in
a mess and some banks are trading at around
their 2004 lows. interest rates are rising and
wages are too and the cost of business is going
up and up. inflation is a huge concern, our
balance of payments is out of control and there
is a large amount of bad financial news to come
still.

RSL will need to pull a big rabbit out of the hat,
imo, to rise substantially and sustain the rise in
this bearish climate. in the absence of a 'rabbit'
i think we will continue to range trade aimlessly.