There are waaaaayyy too many people on waaaaayyy too many stations talking about how we need capitulation.
I am just wondering - does that make it a contrary indicator at this point?
I of course heard it from every single person on CNBC.
I heard it on CNN.
I heard it on ABC.
I heard it on the local news.
I heard it on the radio.
edit - Dow just broke 8,000 six minutes in. Amazing. But wait, a nice bounce...maybe I should just do "play by play" all day! I hope Bush doesn't stop the rally with his much anticipated "statement".
More over the weekend. Good luck everyone!
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How to trade market corrections
1 day ago
2 comments:
What a crazy day, and crazy few weeks. I would like to hear your opinion on trading futures vs. stocks. Do you advocate making the switch? Pros and cons?
CNBC is marching person after person to call a bottom. Hilarious.
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