wednesday wranglers, page-138

WhiteRhino

So long as they keep closing the SPI at a 60 pt premium like yesterday, there is no hope of a sustainable bottom IMO.

Once again it was an offer too good to refuse.

Even on the once in a blue moon occasions where they get it right (and we don't get many blue moons, although we have a full one now, which is another story), being wrong means that the chances of the next day maintaining that size premium is low and so any SPI damage will be far less than XJO.

There is much that pinpoints Nov 13-17 as a possible low, but its just a shame that other indications aren't doing the right thing.