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To: LTK007 who wrote (3783)11/20/2008 6:06:32 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 3906
 
Yes today's action was horrible for sure.

The only near term positive now is that the Mc Osc is again EXTREMELY OVERSOLD -- though still not quite as oversold as at the October low.



To: LTK007 who wrote (3783)11/20/2008 11:58:52 PM
From: rubbersoul  Respond to of 3906
 
Gone,

How about Dow 800 when this bull market began. Can't recall which year though.

Jim Shepherd who has called this crash is calling for DOW 4000 soon.

I'd like to see a one day wonder oversold bounce then
short it. Christmas, retail forecasts are going to be glum.
Think about the earnings from here on....not to pretty I suspect.
I keep chickening out from shorting when its the obvious trend for the next year...even after today. But I would like a relief bounce to enter...geez. Going with my short plan earlier on would've saved my ass. Oh well. I'll be ready next time.

Should be interesting tomorrow. Asian Markets mostly in the green..by a bit.

RS