Pre 10k index rape
March 13, 2006As the vaseline jars are being utilized by all and sundry, soothing their sore rectums as the market is poised to break the ‘’psychological barrier " of a 10K index, this is as good a time as any to start this blog.
The ride has been vicious, last week the index losing 941 points and an intra-day high peak from 11,692 bashed down to today’s 10,095 in no time at all. A shorter’s dream to be reversed 2moro ? While I’m sure there are current flashbacks to last March, this market’s players have short memories. Mr.Long thinks its time to buy. While I think the index is quite oversold, 9850 may be tested. Recent pullbacks/dead cat bounce’s have lead to further erosion of the index, as experienced this morning from about 175+ to closing at -380 ! Rough fucking rides as the panic sets in and the margin calls shut down accounts.
PTC privatized and breaks 60 after nearly a year !! FFC looks great at 122.5 . more from Sutta Bhai 2moro.
P.S. his vaseline jar is on his desk un-opened, but prepared !
