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Actual Position and Market Opinion Poll for Monday
Started by
OEXCHAOS
, Oct 31 2008 03:33 PM
1 reply to this topic
#1
Posted 31 October 2008 - 03:33 PM
Mark S Young
Wall Street Sentiment
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#2
Posted 01 November 2008 - 12:38 PM
bearishness - even aggressive, abusive bearishness - is almost everywhere this weekend. of course, each one has his/her solid reason, from fundamental to neo-t/a to classical t/a. i have never seen anything like it.
i know that last weekend the crash-monday posts were ubiquitous, with few challengers. think about that: crash posts everywhere and few who would scoff! this type of conviction usually leads to market positions and committed action which is only shaken out by serious capital destruction.
this is how people lose a lot of money and why most people should go back to what they were doing before the bull market of the last two decades and all the media hype drew them in and made them think they could make money at this.
Edited by humble1, 01 November 2008 - 12:39 PM.