snippets - 9/10/09, page-36

Mongo

Interesting!

Looking at price on a percentage basis is really like looking at a log chart which I guess most of us do when we have such large moves.

Most software either doesn't allow Fibs on a log chart or if they do they adjust to linear prices which is a nuisance.

Another leg up would imply this is the start of a bull market most likely which is one reason I have a hard time coming to terms with Laundry and McLaren etc and their calls for another leg.

It could then pullback and have a further weak leg which I guess would be called an ABC!

I guess the market will do what it wants.