Zeev- If you dont have a wash out what happens as we invade Iraq and we stay around these levels into the process. The reality of military action is likely to bring a drop I think and may be the catalyst for the 6-8 week retestof the earlier reaction lows.
I recall one of your early scenarios that had a 3 week Fall selloff into a possible military action. The LTBH 'sellers' may be gone but the 'shorters with lack of buyers' environment may bring this about.
Just wondering who would aggressively commit cash with a pending military action now that we have Great Britian on board.
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