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

To: $Mogul who wrote (3387)10/10/2008 2:42:20 PM
From: Rarebird  Read Replies (1) | Respond to of 26251
 
The major question here is whether the October 2002 lows will hold.... The 750 level on the S@P represents a good entry point for a short term trade. But if this is a C wave down, those lows will be taken out.... I'll be looking at some charts on Sunday.

We are witnessing here a complete loss of confidence in the financial system.

If you are young and buy stocks here, you'll be wealthy in a few years. The only problem is that this is a bottomless pit.



To: $Mogul who wrote (3387)10/10/2008 3:10:53 PM
From: Real Man  Respond to of 26251
 
PPT has been blown out of the market, derivatives are melting,
the melt is much larger than PPT. These markets are on their
own now. They will stabilize somewhere, hopefully.


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