Monday, December 1, 2008

Both Our Supports Broken in 1 Session

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The casino speaks - both S&P 870 and 840 violated within hours.

We'll see how it closes but we'll assume lower than S&P 840 for now... we'll see how the last 35 minutes play out. Last week was like the teenagers home alone while the parents were on vacation, given drinks by the senile grandparents (free money! $800 Billion here! $300 billion here!). Now the parents came back home, found the place in disarray and are talking reality... over hope. Or Timothy Geithner's awesome powers (17% rally on each mention of his name)

Once more, you cannot "invest" in this casino for longer than 2-48 hours.


1 comments:

jegan said...

I will never go to lunch again! I swear! Never! Never! never! Everything was all set, my stops in, DOW was stable at about 400 down. The one stock I did not have a stop on tanked 35% in that hour! I could kick myself. Please pass the cool-aid! Make it a Jim Jones double!

jegan

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