The Black Box

[wahz]

I don't necessarily think we will hit new lows. I think we may rally off the fed and then come back down to a higher low in October.Frankly I am not even trying to guess, that is what I am really saying. Regardless, I am waiting to add until I see more stability, and when we do rally I expect the dow to rise at least 2000 point over the previous high by jan 08 and the nas to at last get to 2800+. I see this as very low risk entries for the next year, but I want to wait for a little more stability, its a real snake pit right now, and we have rough seasonality into the late fall. For my own selfish reasons I'd love a real bad mid Sept low, and then I think the coast would be clear