Stock Market Commentary 20081020
Submitted by TimingStrategies.com on October 18, 2008 - 17:16.
Opinions flourish about the "buying opportunity of a lifetime" (including Warren's w/the greatest respect) although in the short term due to Gov. intervention and unprecedented oversold metrics, this "should" help any further bounce that "may" still be coming, it is not a good picture for the longer term trend. Targets remain at ~1020-1120 , should ~1120 be reached in the next 1-5 days (very ambitious) first short sell of ~ 30-45% is getting locked and loaded.
