thursday throbber, page-70

the guts of market action today is that xjo found support at the obvious zone, where it has found support before. So the obvious trade was to go long at the lows, in expectation of either a range trade back up to the previous high a few days ago, or perhaps a double bottom scenario and so back up much further. Even tho I bought some stuff at the lows, I'm not real convinced we've seen the low of this immediate downturn yet. The last rally was just too unconvincing, and the vix looks very threatening, lie its straining at the leash to go higher.

aside from that, anyone watching IOOF (IFL).. funds manager, and a good one .. issued a downgrade today.. FUM decline the reason.. and market decline the cause of FUM decline.. dropped over 10% in price.. now, which other instos have large funds under management.. ??