Wednesday, July 02, 2008
Well kids the good news is they have finally gotten around to the last men standing...BIG ENERGY and the SHIT stocks. They went into absolute freefall this afternoon and the losses continue in after hours. The dow chart looks beyond hideous. It could be that the selloff is getting late in the game now that they are selling everything. 10,500-700 is where that double bottom support is...we're 500 pts above it. So if the dollar completely collapses tomorrow and oil goes to 150 and the European central bank hikes and says they're ready to hike again...i think we could get there by 10am!
Maybe we should spend some time with Harvey!
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