Wednesday, October 8, 2008

Wow!!!

That's all I can say, as Minute wave iv, if that's what it was, appears to have occurred in the futures markets only as we are now heading down to 9043 or lower in the Dow. I still expect a relief rally, but obviously targets will have to be lowered. Even though I indicated that the best time for a short term bottom was around October 14th, and even though I called this crash, I am finding it hard to believe the rate at which markets are falling. As I have said over and over again, this is not a market to buy.

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