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Thursday, 10/09/2008 1:02:36 PM

Thursday, October 09, 2008 1:02:36 PM

Post# of 384923
Hi, everyone. Took a break from it all during this awful slide. Glad to get back and talk with you again. For what it's worth, here's what charts are telling me. The 1-min INDU chart says we hit a low and an important turn around 11:05 EST (at 9,055). I have a hunch this will tested either today or tomorrow. The financials (BKX) may have bottomed and turned at the same time. But, as has been pointed out, there are few buyers. Everyone seems to be waiting for the "other shoe" to fall. A mystery to me is that there has been no FOMO injection today? It's as if someone wants the market to fall?

What has me concerned about Friday is that LEH has its cds settlements, and no one knows their value (and perhaps no one wants to know)? Any thoughts? Two
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