daytrade diaries... june 23, page-58

some tip Dow to retest March lows or even fall back to Nov 08 levels. some tip a fall back to 6000 points.

watching $US closely. when $US finally starts breaking down then should see some gains in commodities again.

once market decides that this retest of the lows is over then I want to be on board. should be a strong first surge up.

hats off to CK and Buffett and others who picked this likely weakness and posted on it over recent weeks.

reporting season coming up and hoping for a repeat of early this year where good reports saw quick gains.

I am still expecting a very strong last quarter to 09 and happy to wait now for the bargains which are already starting to show up.

interesting that some are tipping financials rather than commodities to recover first.

for today I have sold some free carries at open and have orders in to buy more back at lower levels.