Friday, August 8, 2008

PLEASE GO TO JSMINESET.COM AND READ DAN NORCINI'S COMMENTS ON HIS AFTERNOON CHART

Dan basically says, in a more concise form than I have been using, that this market can easily tumble due to forced selling by longs, who are getting margin calls, which forces them to sell, as they don't have the funds to meet their margin calls due to their losses in their equity positions, and other markets... It's a self perpetuating situation that only bottoms out when those cherry picking bottom feeders, who wait for the market to come to them, finally decide the market has fallen far enough, jump in with enough volume that all the others see the market turn and also jump in...

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