One Session Breaks Two Supports

The casino speaks - both S&P 870 and 840 violated within hours.

We'll see how it closes but we'll assume lower than S&P 840 for now... we'll see how the last 35 minutes play out. [Yep, 8149 - ed.]

Last week was like the teenagers home alone while the parents were on vacation, given drinks by the senile grandparents (free money! $800 Billion here! $300 billion here!). Now the parents came back home, found the place in disarray and are talking reality... over hope. Or Timothy Geithner's awesome powers (17% rally on each mention of his name)

Once more, you cannot "invest" in this casino for longer than 2-48 hours.

Comments

[rber:]

You don't invest @ casinos.
Traders don't invest in stock markets.

2008 Dec 01 06:12 PM