spreading the risk - wednesday, page-10

Are few upside scenarios watching for:

Ndx reached ~56% retrace of 2000Tech, could make a run to 61.8 sometime.

Dave's XII, 2000 it was higher than current 2007-13 dble top.

Dow run up and stick to 2000-07 res trend, up at 15800-16k, and settle back to a not so low level of say 10k later this decade.

Base mets trade stats are bullish ST, but have oversupply LT etc.


Early days yet.


But, seems they dropped rates too low after 2000Tech, and along with low doc & even lower intro rates on top of that, it might have led to a looonng term top for assets, with current top just being a very pumped up bear rally.