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Possible classical bottom monday

If the market could open low enough, or make a very low bottom it could take place Monday in typical wallstreet fashion.   I think pressure was relieved when people went for the Buy ahead of the Bernanke speech next week on weakness.  Not much easy money in the market.  Loose money of weaker players is lost, and mentally speant.  I did switch long to short, and with a small profit.   

 In stock market theory the market bottoms when people are ready to jump out of windows and beaten up to the point they sell at the bottom.  It is sad to see the market need to engage in scare tactics to carry out it’s function.  The principal alone that markets can not trade more honestly to data makes it dysfunctional.  How ever it is the prescibed cure of the people holding onto control to use dysfunction to maintain functioning.  

Entertainment purposes only

March 14, 2008 - Posted by | Uncategorized

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