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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks -- Ignore unavailable to you. Want to Upgrade?

To: stomper who wrote (6300)3/30/2009 9:04:20 AM
From: Jack Hartmann  Respond to of 6924
 
Not to be insane here...but it's looking like we could give it all back.

I agree Dave and will be net short for oil and S&P for the month. 1929 gave it up in April 1930 after an intermediate 50% bounce.



To: stomper who wrote (6300)3/31/2009 2:43:14 PM
From: The Ox  Read Replies (2) | Respond to of 6924
 
stomper and Jack,
If you take a ruler and draw a line that extends through the 82 low, very slightly above the 87 low and also touches the 90 low, it draws straight into the recent lows just below 700.

Shouldn't this be considered: "Ultimate reversion to the mean?"

I think there is a very good chance that we won't see a quick rebound but that the reversion has already taken place.

jmo

TO


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