As predicted last time, the Dow is about to retest the November 21st lows and may even fall through the 7449 level within the next few days. We are now approaching the bottom of this stage and now we are set for a significant rebound that will have Joe Kiernan of CNBC spinning once more as he turns from survivalist back to full-fledged bull as the Dow retraces back up to its 200-day moving average of about 10,000. Then? well I believe then we will see the real drop in this secular bear market. Hold on to your hats!!

Oh yes and it seems David Bowie is now being blamed for the credit crisis because he introduced banks to the concept of securitisation of assets when he did so with his song royalties, sing along now;

“Oh No, note me, I never lost control

You’re face to face with the Man Who Sold the World”

Trade the market using ETf products. December ‘08 we made +6.7%. January ‘09 we made +10.7%. Email me for the Daily Dow Letter