thrilling thursday, page-93

Tad

But the intersting thing is that twice the weekly called the top and low and twice the daily called the lows but never at the same times.

I postulated that like 1987/88 we could see higher lows 1 month apart for 3 months.

After the 87 low on 11/11/87 we had a higher low on 11/12/87 and another on 11/01/88 and a final higher low on 10/02/88.

This time the low was 21/11/08 and there was no higher low on 21/12/08 but we do have one on 21/01/09.

Perhaps we see a bounce and another low into 21/02/09 or even March or April.

Momentum indicators are for the most part negative daily although weekly and monthly are stretched.

I am not suggesting a long position necessarily but a time of caution and not a time to be heavily short.

It could be as simple as a bounce to get rid of too many shorts or just simply wrong.

For me it means a more neutral position and if it costs me as the market continues to dive then I will just wear it.

There are worse things than not making money, its called losing it.

You say few discounts but it has been in discount since 29/12/08 and before that was one of those rorts or mistakes.

What is the GD?