down tomorrow ... but finger on the trigger..., page-14

peace,thats the picture I am now starting to see also. I have been bullish for a while, howvever a weekend of mulling over a number of charts, has changed the short term outlook, although not changing my overall bullishness, because there is no point as we are very close to a bottom. I would suggest we may go a bit lower than 4900, possibly even as low as 4850. We have gone below the 38%retrace from the '03 lows, so the next level appears to be calling, ie the 50%. That suggests we may get a bounce soon, but continue lower into early August, which ties in with Voltaires suggestion we may get a low in 08 of '08.