I think we can safely assume the bottom is in based on yesterday's events. The 4.5 year low was in August as projected by airedale. Hard to beat his Hurst work. I guess I should have stuck with my Sept. 10th long entries but then FED days are just something I can do without.
http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=0&mn=3&dy=0&i=p61289556629&a=116507500&r=5546.png
The challenge now is how to get longer in the coming weeks. I may have to wait until late Oct. before getting too aggressive. Certainly that applies for precious metals as well as I cannot see a good entry point right now to add to a core position.
cheers,
john
Edited by SilentOne, 19 September 2007 - 04:38 AM.