Wednesday, October 22, 2008

Vacillation on the market?

Last posting I stated that the numbers are unclear. Since then we have had two down days. Although the market has reported significant drops in the index go take a look at the amount the stocks have fallen. The drops have been a function of broad small drops of all stocks.

Energy counts indicate another significant climb tomorrow. Given the recent vacillations I would suspect that what the Lord giveth the Lord taketh away.

Look for a large climb on 23 October. Again we are looking at the NYSE and not the DOW.

Let's see what happens. I went long.

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