Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Friday, October 10, 2008

I took this picture

from this blog
This doesnt' include todays 700pt move..... but it shows 20% 1 month moves are not Abnormal.

2 comments:

Tony said...

I'm slow. Are you saying that we have not had capitulation yet?

Eric said...

LOL... Phantix challenged me that "it's not different this time"...

but it just shows that what has happed is not all that abnormal... and a v bottom is likely.

Capitulation if not today will happen Monday or tuesday.... But to make a new low it needs 600 pts to make a new one...

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