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Strategies & Market Trends : Ask DrBob

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From: shadows	10/10/2008 5:04:15 PM
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Markets had to rally hard from those "off the charts"lows into a three day weekend and a G-7 Summit(of the muppets!). Lets hope they come up with something better than just printing money,piling up more debts,and rescuing banks that ,whilst insolvent, are still paying dividends and multi-million $ renumeration packages!And the next AIG business meeting was going to be where? The Derivatives " Hydrogen Bomb" may be about to explode,hence the concern about M/Stanley and Paulsons $750 million position in G/Sachs-so remember this is still "RED OCTOBER"! I might not be a short trader down here anymore,but the SnP seems to be targeting 820-780-levels last seen in 2002.Those are levels even I might buy,so be prepared for a very,very big panic real soon. Again,note the Nikkei-off 75% from its 1989 highs.Russia/China getting there too!

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