Poker, just when things look really ugly, it is surprising how they can turn it around, isn't it? You just can't dismiss the propensity for some traders to continue throwing good money after bad. However, between LOD and current levels, that is not a bad day's work, *if* you had the CO Jones to trade it. It is not unusual to get a bounce and end on a positive note going into a "feel good" holiday. I believe the early retail numbers (Black Friday and Cyber Monday) will determine whether we rally into the EOY or just limp along within this relatively broad trading range as the subprime credit mess continues to unwind.
Kind regards, -CAPT J
"What would you attempt to do if you knew you could not fail?"
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