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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?


To: $Mogul who wrote (2865)10/10/2008 12:48:02 PM
From: $Mogul  Read Replies (2) | Respond to of 26251
 
I posted this on 4/24/08..not a bad call.

Message 24531063

To: Rarebird who wrote (2861) 4/24/2008 5:10:35 PM
From: $Mogul of 3381

Today had the bad smell of a classic bull trap...which it was indeed with bad MSFT earnings, and a false breakout. Today was a day where years of mkt. experience aided with this interpretation.

I continue to beleive we will re-test the lows, and probably break lower. Any decent correction usually traps some bulls and makes the bears cover up a bit.

I also beleive our economy is about to have a "technical recession".