tribochet tuesday, page-19

When you ananlyse what happened last night it makes sense doesnt it.
- shorters banned from the markets hence no covering
- the hype on commodoties rings true and mabye there needed to be a cover quickly
- no concrete plan on there relief package
- the banking crisis is still there.
- fear and greed is rampant

Overlooking the action on the chart ???
- 50% retrace of last move up
- dow volume on retrace was almost half of that in last weeks surge.
- stayed above the july low


Where to from here, the market will decide it always does, as i said yesterday if you are not 90% confident of trading in this enviroment, watch and learn or play golf.
The media will always turn up the volume on a crisis so as to really mess with our heads, cool heads prevail. Dont get me wrong things are sick but only as sick you make them out to be. Every problem has a solution.