All The Kings Horses And All The Kings Men….

Posted by UpsideTrader
on September 29th, 2008

Houston, we have a slight problem. Well, you know where the market is, down pretty hard as Wachovia fights to stay above a dollar even with the bailout in full swing. My small weekend longs have already been met with slap but I will probably end up net even after my long position last week. If a bear can break even on a long bet I consider it a victory.

I don’t know if we will melt down further or catch an oversold rally but my guess would be that the sentiment is just to bearish and it may take until tomorrow. Maybe a turnaround Tuesday, we’ll have to just wait and see.

By the way, I’m kicking out a weekly newsletter that readers will get dumped into their inbox on Fridays. Sign up in the upper right section of the blog. See “free newsletter”. It will be a weekly wrap and some ideas and views on the week ahead.

Follow @upsidetrader

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.