Well, we are right back at the old grinch support, I mentioned just before Christmas in the last email I sent out. Some short term indicators like VIX, PSI and Master11 are in possible buy alert territory. The 30 minute is also possibly marking a very short term bottom. The Dot Com saga will continue. You should be hearing even more bad news in this sector from what I am seeing on the Internet. There will be more web site closures due to falling ad revenues.  I would not hold any long position overnight, and I would still remain cautious here. There may still be considerable risk left on the downside until this longer term cycle finds bottom. Also, the Dow system has had only had one real bad trade in the last five years.. ( Possibly next year, the Dow System will only be made available to ten futures traders who are willing to pay $10,000 a year for the signals. I will not offer it unless I bring on support staff.)

Travis Jordan., our excellent Elliott Analyst who used to post at this site is looking at finding a select a select group of 5-8 entities to sell his projections to. He is looking to raise close to $50,000/year. His work his excellent, and he had made a lot of money for our subscribers. If you are interested please contact me at: go1net@... .

Rick Pereira
OEXTrader.com