Wednesday, August 1, 2007

Proved My Own Point This Morning

In an earlier post I mentioned that it is difficult for anyone to accurately predict the short term direction of the market. In my posting this AM, I "predicted an immediate and steep decline at the open". I also predicted that the market could bounce back barring further bad news.

Well the market opened higher before going into a steep decline this morning. At least I got the part that the market could bounce back correctly, though who knows if we will experience another late afternoon sell off today.

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