Earlier this week, we discussed several anecdotal piece of evidence that suggested we were closer to the bottom then the top.
Today, we look at specific data and charts that can provide some insight as to how extreme these present levels are.
These suggest to us that we are increasingly close to a bottom that can be purchased for an upside trade of 20-30% from these levels. (We scale in over time, in 10% increments).
Friday, October 10, 2008
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