Yes but other markets looked not so good too.Think we can go to the 1 again this week.

read this

http://www.cnbc.com/id/27993643

The U.S. credit-card industry may pull back well over $2 trillion of lines over the next 18 months due to risk aversion and regulatory changes, leading to sharp declines in consumer spending, prominent banking analyst Meredith Whitney said.

One of our local board members has done a calculations and he devided the credits on cards by the total population in the US at around 303 million and came up with around a debt to be paid by each civilian of around 7.000 us $ per head ??So a family with 2 kids has about 28.000 us $ to be repaid within 18 months??We asked ourselfs how can consumer spending be advanced if there is already so many debt around?So many of the Belgian board traders are not convinced we have seen the bottom.

It will be hard to support oil price too I think.We are back at 50 again.Why didn't Opec react now ?Maybe they knew pushing up oil in such an envirioment is not a good idea right now.

Like I said first we have been in the head of the formation of the sp 500 index and we are down rapidly again.So only we can hope that we set a higher bottom but if we go below it's a very bad signal and realy I don't see no light right now.

So for CLL .I sold again past week and I hope to pick up at around 1$ again or maybe lower.I don't trust the trend right now inthe markets and there is no clear evidance right now on a reversal so far.If CLL pushes above the downwards resistance line I will feel much better.I good hit over 1.4 should be ok .