I just want to recap this post by Arbman

Ya ok

How about today's gap?

You are not expecting me to congratulate you for being wrong about a 9-10% decline within 3 days, are you? But I REALLY do not have the time to go into a food fight with you right now at 2am PST on a Fri morning, even for fun. I said the reversal was going to be a profitable one yesterday, I closed my put spread and I traded long in and out only though. I still have the Sep calls --nobody would pay them anything when I cashed the puts instead, now they closed near break even and it seems like I am going to make some money on the tomorrow. Upside targets? Anyone's guess, the gov't redefined the concept of resistance for the next 10 days with the short selling ban. But at least, if you look into the options, there is very little possibility that SPX breaks above 1282. I would think the gap from below has more odds to close even right now than the gap from above... There is still a long list of financial companies asking for help. GM just asked for a $25B rescue plan tonight, next comes the airlines industry. What will the gov't do if the stocks start to fall tomorrow!?! Ban liquidations too?!?

arbman i don't think you need to respond to a post like that with the all great posts from you and then having to listen to that [bleeeep] in a tough market environment

You know what the point of my post was, don't you? People here have a tendancy of making grandiose predictions about the direction of the markets. YOU ARE NOT SMARTER THAN ANYONE ELSE. Please get that straight. No one has a crystal ball. No one. All long term predictions are USELESS. If you can nail something in a few months time frame, you're a borderline genius in my book. And you don't have to tell me about my record. People here on this board that are on my blog know.

dcengr, you need to get this straigth, where in this statement you are seeing a grandiose assessment or prediction?

This gap down; Will it be visible on the charts for the next few years?

There is a big difference in between a question and a prediction too. But I still stand behind my decision that the odds still favor a continued bear market eventually.

Why? It is not because I think the people are lying, manipulating, trying to create all sorts of false impressions about the markets, it is because of the destruction in the money supply.

The bond market is locked up, if the liquidity moves the problems will not be still over, there is a good chance that the liquidity will create more inflation than growth for an foreseeable future. This is huge since it will make the borrowing more expensive in an already weak economy.

This is the only basis of my predictions, I don't trade the news, I trade the numbers.