Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: Logain Ablar who wrote (1846)	10/5/2008 7:38:55 PM
From: skinowski	Respond to of 3209

It is true, the "3 of 3" setup is clearly on the table at this time. My "LD" scenario by no means rules out any of the immediately extremely bearish possibilities. However, after years of trading the markets and reading charts and sentiment, one knows that when it looks like an abyss is about to open -- is often the time when reversals love to occur. I intend to resume covering on anything that feels like fear and panic. This reminds me the little known fact that the great Barnard Baruch - who, among other things, is famous for having made money on the decline in 1929 - closed his shorts a couple of days before the actual Crash. So, if I cover a little too early, I'll be in good company.... g/ng