is the selling momentum running out of puff, page-23

Yes I expect the psychological $100 per barrel of oil to be a bottom to launch a recovery rally from. Ultimately I can only go along with other analyst that see mid $80's being the ultimate bottom. If we follow the scenario I have printed above then we should get a 15% rally before correcting to form a higher low in November. If the case then a 15% rally takes us to our old support now resistance of $850 then a 10% correction to $770 before we blast off to $1040.

Here's hoping anyway! The HUI and PM's are so over sold we should get a bounce soon anyway. It would be too much to ask for the bottom to be $730/40ish as that is just too perfect as it fits in perfectly with the 2006/07 double tops. That is why I suggest people average in over a four week period! I expect October to be an up month for the DOW which will assist our ailing PM stocks!