Tuesday, October 07, 2008

Not impressed...delusional?

Have not slept much lately, so it'll be a short post.
I am totally unimpressed my relation of magnitude of decline today and, no matter what they say - total absence of volume.
In unconventional way it tells me that there are a lot of buyers staying on sidelines unwilling to play this "no rules" game until the balance of the market will be restored.
I am sticking with my "reversal/rally position, bleeding all over indeed, will be waiting first for "short ban" elimination and then till Friday after Yom Kippur.
No posts till Friday
P.S. If I am wrong and market really pricing in depression - I am not going to need that pile of worthless paper called "money" anyways. Old and stubborn I am...