So, I did some chart Starting this weekend. The market is testing the Theory of an 8 month recession. Everyone knows that it won't be this short, but mother market is testing to see who is willing to put their money to risk.
We could trade to 1420 or so, I just don't see enough momentum to get us there, without pulling back here.....
somehow WAMU raising 5 billion trades us up 80pts on the dow.... and yet Wamu needing 5 billion didn't trade us back 80pts.
As a famous trader said a few months ago..... "I don't think this sub-prime thing is over yet"
Monday, April 7, 2008
Plain to see
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2 comments:
WaMu up. Yikes, who saw that coming? This should give us a few more days of counter-trend rally.
Close those shorts.
could be irrational exuberance..
worst case I think you will get a better exit soon
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