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Strategies & Market Trends : The New Economy and its Winners

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To: fedhead who wrote (39163)1/22/2008 2:52:24 PM
From: XBrit  Read Replies (1) of 57684
 
We are getting a reflex bounce off the fed cut. I don't think this mornings low was the low.

Totally agree. I just increased my SDS position back from 50% of my acct to 100%. I had lightened up on Friday expecting some kind of fed-related bounce. Well, the fed has spoken, and the bounce was from Dow -500 to Dow -100. Maybe the bounce goes another 1%, even 2%, who knows, but I do believe that there's much more down ahead.
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