Jurek

That's the same projection the guy on the you tube vid has in mind.Another leg down.On fundamental basis there is also no reason to assume we go to a brighter season.In fact next Q 4 will be very very bad.In Europe they look forward to what Obama will do and what his plan will be .It must be a huge saving plan which has a sollution to support housing market,banking sector ,industry and most of all to get the consumer back to buying.Together with Bernanke who can set the rate to almost zero it can gave a kick start and a squeeze on stock market.It's all about how the turn the negative spiral on the markets.

Here you have a more detailed chart of sp500.We touched yesterday the resistance again.If we go trough which I doubt then watch for the 50 % fib at 874 or 61.8 at 907.That level is the middle of the head that guy Oscar spoke about it.But the chance to see us go lower again is much bigger..

About CLL.I sold allready 1/3 and has done 2 quick trades so far.Also yesterday.I bought when the gap after opening was filled and sold at 1.17 again.Until now I don't stay in market.The problem with CLL right now is that cash position .Compare CLL to big oil companies and the trend is not the same anymore.Big oils have lots of cash and no risk on investment.CLL's risk has increased due to the lower price.DG himself is not so clear on the price where he can make money and how long he can survive a very low price .He has some funds left but he has no clue on the market and that's the trouble.Management is not bad but he also hasn't expect a crisis like that.

Some are hoping upon an oil price at 70 again.But realize if that should happen how can a so beaten up economy with consuming at the lowest pace since years recover if oil should go up quickly?