View Single Post
Old 10-08-2008, 08:39 AM   #31 (permalink)
Phantom Lotus
Registered User
 
Phantom Lotus's Avatar
 
Join Date: Jul 2006
Location: Oradea, Romania
Posts: 720
The only reason to go short here is if you expect complete Armageddon.

Looks like we're setting up for a temporary bottom.

Eventually the DOW will see 8000 points. For now, the selling appears exhausted. USD/JPY at 99. I'll probably go long soon for a temporary bounce to 105+. Then try to build a massive short position for the next leg down. We should see 90 before BoJ intervenes!
__________________
07 Lotus Exige S (Melanie)

Last edited by Phantom Lotus : 10-08-2008 at 09:28 AM.
Phantom Lotus is offline   Reply With Quote