bottom here capitulation already happened, page-38

lol, Imperial, you are fighting a one sided battle on your own! :)

DOW up, which is great for all/US people, US$ up which is great for US people, it all seems like a calm before the "big change" comes with the new President.

US markets are in no shape for a recovery, Europe is still to release its full exposure to sub-prime debts, global companies slashing jobs, jobs in AUS are getting cut back, worries about future earnings and growth. These issue don't fade on a 900 point gain in the DOW.

Short term rally up to the election, US$ may have turned, i see a tabilisation in the DOW up to the election and then more transparecy from the US and Europe to lead markets lower.

Sectors to be in IMO are Gold, Silver, Cash. The sectors to make the recovery first are financials (but not yet), the sector which hasn't tanked yet is Health Care, so watch your positions here with tracking the index.

GL all

CK