As I mentioned in my blog, emotions were hitting extremes on both sides. I said both bears and bulls were getting angry and doubling their bets. You can read the posts in fearless forecasters and see that its basically true.
About a week ago, I said we were going to chop chop in rollercoaster fashion just to get everyone all riled up. I think we're ready for the crying game.
The crying game will start with a fake move, to fool everyone. Then the skirt will lift and the crying will start. Next, the prayer beads will break out and hope trades (adding to losing position) will become the norm.
Good luck to both bulls and bears. We're still in a recognized uptrend (ie higher highs, higher lows) for SPX, Dow, and OEX.
Are we ready for the crying game?
Started by
dcengr
, Feb 08 2007 10:27 AM
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