The theory being passed is that we hit a Crisis Bottom........ Looking back in history there are points when we hit a crisis resolve it, then hit new highs........
I agree....... But here is the problem..... We did that Already..... When this happened in august and we had the Original "credit" crunch.... We resolved it... (sort of)... and then we rallied in denial mode.... We did that in September-October.
Also.... Many of the Crisis "Mexican Debt" "LTC" "Asian Debt"..... Well... They sort of happened to someone else....
To be honest Paulson threw "Bear" into the Volcano.. Hoping to fool people into a Rally....(he does think he is a master of the universe)
What the charts hint at ... is the possibility of a "Small" Rally as the Fools Rush in thinking that this was the Bottom......
these people Panicking on another Retest.... will take us lower.
Thursday, March 20, 2008
Why I'm Right, they are wrong... but we may go higher
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