nice move today, right on my turn date. Probably continue for a...

nice move today, right on my turn date. Probably continue for a few days, however I still think this market is for the short term traders, and the long term investors wont get their opportunity until early Jan'15.

The bounce in Mid Oct was very powerful, but if it was to be the start to the breakout we were expecting which would carry us onward to new highs, it should have continued higher after a small pull back on the 7th Nov. Instead it led to a substantial reversal.

Whether we have a double bottom like Dec '13 and Feb '14 or go lower is hard to tell, but I suspect we wouldnt go lower than 5000, as a worst case scenario.