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China Bailout s/be barry barry good @ stocks, today

Posted on 11/10/08 at 8:09 am
Posted by ElmGrove
Member since Jul 2008
55 posts
Posted on 11/10/08 at 8:09 am
That's my story, and I'm sticking to it.
Posted by Tigris
Cloud Cuckoo Land
Member since Jul 2005
13080 posts
Posted on 11/10/08 at 11:00 am to
Maybe not.
Posted by ElmGrove
Member since Jul 2008
55 posts
Posted on 11/10/08 at 11:39 am to
T.:

I'll rationalize.

Today won't be a bad blood bath, i.e., IMHO a good day these days is any day that the Dow doesn't drop over 200 on the downside.

For the 4th Q of 2008 -- that's a good day.

Note also that the present "buy" pattern is timed into the shorts in the last hour or so of trading.

Hence, if there is a program buy . . .

It might come near the market close. Watch for it.

(Then again, my "spin" could be completely wrong. In fact, I'm not really advocating buying anything, really. I just think shorting here is sort of risky, that's all.)


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