how to read this market... (2007/11/09)
(2007-11-09 12:07:51)
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the trick this time around is, there are 2 markets!
DIA is one, QQQQ another, (SPY is a mix)
the fear has been mostly in DIA until last few days,
fear is now over,
likely most if not all the subprime problems are now under the Sun, unless the CEOs want to go out of the office soon, or directors want more shareholder lawsuits,
time to move on, to focus on how to solve the problems,
that, is the bottom,
bottom for the fear, since we no longer have "unknown", at least for short term,
C _IS_ the flag for this one,
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QQQQ has a different problem, and it would have its own time line,
it's a slight burst of "no fear, party on, fool plenty, plus we've got Fed" euphorbia,
so it's not like last time when all the indexes lock in steps,
proceed accordingly,