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To: The Freep who wrote (173636)11/18/2008 7:55:39 PM
From: Win-Lose-Draw  Read Replies (1) | Respond to of 209892
 
It's really whacky, all these gyrations, yet the overall effect is a rangebounding that has lasted for over a month. But the intraday gyrations are so big it's - like - compression of the sense of time or something - I started getting long three trading days ago and it already feels like I've been holding positions FOREVER! :)

Anyway, my simpleton read is that since I don't see any signs of up, I'm going to assume it's going to keep heading down. Canary continues to be XLF, which had the expected failure of its triple-"bottom", a 20% break of that is around 10.50, stinky bid entry is another 5% below that. G-d grant me the patience to wait that long...

-bg-