A break below the DOW 11100 would attract lots of short players as the market wanted to test that yesterday and failed.
Staying neutral, and taking slight profits from long trades that have paid off.
Prechter, the wave guy, has predicted that the DOW will collapse on 29 of October. While I don’t believe this guy, he has guessed the May flash crash with his funny waves guide.
Once again, a list of fund managers thinking that the market will correct…
Doug Kass,
Marc Faber,
Prechter
Nevertheless, many others are long the market including the bearish guy John Paulson (must be suffering from his Banks and MGM stakes).
1 comment:
whatever you said BAC IS AWESOME!!!!! THANKS MR. NICE GUY....
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