Tuesday, October 28, 2008

And the Lord Taketh Away...

After making fun of the bulls for days, now it looks like they're going to get a good opening. Makes sense to me, karma-wise!



But the important thing to note in my opinion is that these sharp and desperate rallies are, by and large, extremely fade-able.





To some, this is another sign that "THE BOTTOM" is here.

To me, absolutely nothing has changed!! This looks to me like a standard issue trend break and retest on the one hour bars, so that is how I will play it.

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