Discussion in 'Trading' started by 99atlantic, Mar 9, 2007.
What does it feel like getting mugged repeatedly?
Speaking of CNBC. Here is a letter that Alex sent to CNBC before the market opened today.
See now to me it seems as though everyone is looking for break of last week's lows to buy. Even the bullish camp wants an ABC correction from the highs. The bears? Well, they think every selloff is the beginning of the end. To be honest with you I think the surprise would be drifting higher from here without testing/taking out last week's lows. For the record I on board with the wildly popular ABC correction opinion and think the indices are in the process of completing some kind of B wave retracement.
No shortage of bears out there right now, the final hour of yesterday caught them all offguard.
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