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Bottom here looks too darn easy - I'm flat / hedged


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#1 calmcookie

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Posted 30 July 2007 - 08:00 PM

Might have hit a short term bottom, but don't think so. Catching falling knives is rarely easy .... and that knife had a lot of momentum last week. It won't be slowed too quickly ... unless of course, it's a butter knife! Don't cut your fingers. :P Good luck to all, C.C.

#2 HoseB

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Posted 30 July 2007 - 08:03 PM

Might have hit a short term bottom, but don't think so. Catching falling knives is rarely easy .... and that knife had a lot of momentum last week. It won't be slowed too quickly ... unless of course, it's a butter knife!

Don't cut your fingers. :P

Good luck to all, C.C.


Even if you caught it [butter knife] momentarily, wouldn't do you any good... "butter fingers", you know.

Edited by HoseB, 30 July 2007 - 08:04 PM.

40,000 headmen couldn't make me change my mind....

#3 Rogerdodger

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Posted 30 July 2007 - 08:04 PM

I agree.
Except, so far I'm seeing too much doubt.
Seems that most expect resumption of selling or at least a retest.

#4 brasilstocks

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Posted 30 July 2007 - 08:12 PM

421 new lows vs 24 new highs does a bottom look like that?

#5 rkd80

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Posted 30 July 2007 - 09:15 PM

421 new lows vs 24 new highs
does a bottom look like that?


uhm...yeah? how else is it supposed to look like?
“be right and sit tight”