Sorry if you read this and are hoping that Powerisk can predict the bottom of the market, we can't! However, histrorically we have seen that the bears often dominate in Sept and October and even into a little of November and we have seen this consistently for the last three years. Does this mean that we are likely to see it in 2006 well everything suggests that we are in a bearish run and of the last three years this is the most sustained fall. Furthermore there have been fundmantals which have caused the bear run. The massive influx of gas for Winter 06 and 07 is causing many to tread carefully with long longs (excuse the pun). We might be speaking prematurely but the oil price has fallen and the threat of Hurricanes looks minimal (they will exist but we are unlikley to have a New Orleans again!).

So should one buy, well if you are still in a bear run Powerisk would recommend holding onto the short a bit longer.