I believe that a beginning of something is about to happen in the market.
Coming events that might influence the market are:
1. Euro weakens further - Then we should see further weakening of Tech and Commodities
2. Outcome of OPEC meeting on Tuesday - Fight for 100 dolar oil by reducing supply - Good for Commodities.
In the meantime, we will be experiencing very volatile markets. I am planning to stay by the sidelines until a visible bottom or trend is seen.
Friday, September 5, 2008
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