Tuesday, October 28, 2008

A New Rally?

Q: How can you tell when Iggy is short the market?
A: The premarkets are up huge

Yep, glad to see that someone up there still has a sense of humor. :-)

I may be getting out early this morning and watching to see what takes place.

Enjoy your Tuesday everyone.
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Wow, never in my wildest imagination would I have guessed todays action. And I can prove it... I held on all day as my short of the S&P dropped 20%!!!

I've said several times that the rallies would be big and impressive. Usually they don't happen in a single day though. Now will it hold? Sorry to say it won't. Volume was average again which means the big boys weren't buying into it. This was a relief rally and probably shorts covering their positions.

I think Ghoulish Friday is looking very possible.

Well I'm going to sulk now...

;-)

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