Yes, I realize that blood is running everywhere and daily charts look like bombed out cities. Very well respected analysts are calling it a bear market. The Dow and S&P look tragic and maybe this is it. But a look at the Nasdaq's big picture says it is not broken by any means. Not yet. Markets simply must reverse in the next couple days however because the damage being done on those daily charts will have longer term impact which of course will ultimately alter the big picture view after the fact. This is a very challenging market. If you do not fully understand what you are doing and why you are doing it, GET SAFE and don't worry about missing the pot of speculative gold at the end of the rainbow. It's the bottom of the 9th, but it ain't over just yet.
November 27, 2007
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