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Strategies & Market Trends : Ask DrBob
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To: shadows who wrote (99508)12/1/2008 4:59:41 PM
From: newmmosx  Read Replies (1) of 100058
 
"Suspecting the Best, the first few days of December should be okay, however the press will be beating the prices down with negative statements of Black Retail day (Today), but I do expect this rally to continue to or above 61.8% retracements."

I am sorry but I read this thinking chichi thought we may have more legs to the rally. I certainly thought that we would have some profit taking today, but held my long calls (and got crushed) in a few etf's because I thought that it would be minimal profit taking.. Was hoping we would test the 9500 to 9800 range before end of year and any major sell off. Now I am hoping we don't test Nov lows this week.
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