Archive for November, 2008|Monthly archive page

Nasty!

Nasty!

When the S&P 500 cruised to a new multi-year low Wednesday it knocked out a bullish reversal day.

Longs betting a bottom was in place have been torn a new one.

Logic says down is still the path of least resistance.

But what does the market care about logic anyway?

Let the market do what it will. When it’s ready to rally we’ll be here.

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