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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Killswitch who wrote (89298)10/28/2008 4:03:41 PM
From: Killswitch1 Recommendation  Read Replies (1) | Respond to of 116555
 
LOL, well it took an extra day but the statistics win again. We are closing within last Wednesday's gap down.

Today had a more than 2% gap up, so the odds favor a close within this gap within 5 trading days from now. I expect today will turn out to be just one more short covering rally, sucking in yet more too-early longs and has laid the foundation for a move down into the 700's on SPX.