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Re: A deleted message

Saturday, 10/17/2009 6:12:37 AM

Saturday, October 17, 2009 6:12:37 AM

Post# of 111729
No, actually it is quite on point and actually shows a lack of common sense also. So you predicted a down day after two days of strong buying, what are the odds that it would be a down day? Pretty high actually, first you started with a 50% chance, not exactly a forecaster here but your odds greatly increase for two simple reasons. One is that it was Friday, traders tend to take profits over the weekend to protect their investment from a weak opening on Monday. The other reason is volume, after two days of three to four times higher than average it typically declines, we did not even trade at our average volume yesterday. So you are not some prognosticating wizard by any stretch of imagination.