fireworks friday, page-95

Excellent mreinke and I agree BUT think like an insto for a minute .

What reason do insto's have for ramping up a market now for it to possibly blow up in Sept OCT ? none .

In my simplistic view it is better to remain flat to down from here on in to Oct [ seasonal lows ] then do the summer/Christmas ramp up to obtain the Christmas yankee bonus chq's . Even if we [xjo ] and yanks get back to this level or above by Christmas it will be a very very good annual return .

Not saying anything deffinite but my gut feel is we will not get a major blow off upwards here although I understand it is completely possible but if it was to happen there will be blood everywhere .

ge
ps; just do opposite me and u'll be right .lol