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Message: Correction

Correction

posted on Jun 15, 2009 07:19AM

I would say now that all the warrant overhang is gone and Dundee has made their 6%, the spring and summer sales drive is over and there's absolutely no support on the downside.

Now is not the time to release good news as the technicals wouldn't support it unless 2.17 is the desks target which is 38.2 retrace of the major wave 3 - 1.55 to 2.56.

My gut says the general market will probably take us down to the 1.94 - 2.05 range.

Time to short oil I guess.

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