A low will be made sometime in the next 30 days either here or slightly lower, then a rally into years end to allow fund markups and bragging to fundholders of a good year.I doubt that rally will make new highs. Then a dip starting Mid Jan to Mid Feb probably back to about where we are here or slightly lower, into a significant low in March, and a big rally from there upwards in the election year. Even if we do not dip into March, that should be a major low point time wise to launch a nice advance so even if we have strength going into that date, it will still be a buy point. This current dip is a great buying opportunity, but I think a significant top will happen in 09.
I am looking for a signicant shorting opportunity for Bonds at the beginning of the year, but I will have to see if the fundamentals are lined up when we get there. I am sure this is not exactly correct, but it is what my analysis tells me to look for, I will make adjustments as necessary.
