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Forgive me Core but what is the chart you posted?![]()
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Tentative Next Move: Hope for the lemming to run up the market so that I can sell some. I should have taken my own damn advice! Knew it would be a gamble playing for a "pop"...but doesn't always work.
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I'm still positive darnit! You can't bring me down!
Updated Tracker COB 10/07/08
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2008 YTD Return: -5.51%
Today: -5.73%![]()
Current Allocation: 75C 25S
Tentative Next Move: Rally Monkey...WHERE ARE YOU?
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CP I'm just curious if you've looked at your plan B?
Are you prepared to bail if we don't meet out price objectives?
1161 is a long ways away...
Hey puncher, I wonder what tomorrow's lifting of the shorting ban will have on the markets? Imposing the ban doesn't seem to have helped any.
I think anything that bring normalcy back, will be seen as a positive, including shorting.
The "experimental" stock matching system returned ZERO matches for today. Yesterday only had 1 loose match...July 23rd, 2002...S&P 797. The first of the two bottoms (other was 3 months later and was THE bottom).
For the match, it rallied 21% in 22 trading days....then fell 19% in 33 days, before taking off for good after that. A similar scenario would make sense this time as well...big rally, then it gets sold, before trying again. I'm just not so sure the second attempt will be successful.