Nice chart of Banking Financials there. I'm glad the media is talking about the bottom. That just means pretty soon another BEar Stearns will happen or we'll "surprise" everyone and form another leg down.
I said I'm glad cause I'm open to Shorting and buying Put Options.
Also note: With the severity of the drop, we cannot form a bottom just as fast. In fact, I don't remember even consolidating.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.