and fools rush in, page-16

Martis

The August low was around 5600/5700 then went on to rally up to 6850, i feel that we have bounced extremely well of the lows, the market was way overdone to the downside, the big question now is, where to from here??

I feel that we could crack 6000 again maybe more, im not doubting at all that things will get bad again this year, the yanks have a record amount of subprime loans to be reset in the first 4 months of 2008, more massive rite downs for the US banks will happen, but things will will probably be kept under wraps until the quaterlys are released, thats when the most danger lies which we just went through, i managed to pull half of my money out before it got really bad but jumped back in 2 days to early from the previous week on the friday, i would have made a killling if i had waited 2 more days but you can never get it exactly rite.

Anyway we are travelling in unchartered waters, i just think that your predictions are just to extreme, but like you say, time will tell, its all just a game