The bottom on 3.06.09
Note the low, circled on the graphic below. (All graphs will enlarge with a double click).
Today, note below the exact loss of the S&P 500:
Enough said.
Joined Nov 11, 2007
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Note that SPX was also down exactly 6.66%.
I spoke before I read the second chart…oops. lol
Yeah, for some stupid reason Tradestation graphs the $SPX via $INX.
I noticed that too… normally I don’t give much weight to that kind of thing, but it’s uncanny. …
WOW! 😮
And thus, “The Devil’s Bottom” was born.
Up next, Dennis Kneale calls out the dickweed, blogger Woodshedder who coined the term.
Thus it is so: The Devil’s Bottom!
Why do you think he calls himself Devil Dog?
Nice to have some humor today…. Or is it something more?
Something more. When there is indiscriminate selling, the only thing logical is to rely on something illogical.
If in fact the bottom is here, we’ll have to coin new terminology for the IBC dictionary as Redshark said perhaps it could be “The Devil’s bottom.”
I noticed that at the close today; ironic if yesterday’s 6.66% drop turns out to be the low!
I remember Moober & I trying to catch the knife down in GE too soon before it too closed at 6.66 in March ’09.
I would call it the “Devil’s Elbow” if we go up in a V again from here…
http://www.youtube.com/watch?v=_o_BLF-aaNI
Eddie! Long time no see! Where you been?
Hey Shed, been flying below the radar taking care of the important stuff. We were blessed with a baby girl 9 mos ago, sold our country property, then bought a home in town. Maintaining property with 4 young kids was just too much for our sanity. Now that we are somewhat settled, I hope to be around again. I’ve been waiting for a pullback like this. It seems I’m always on-duty the day the devil drops his elbow on the market. And yes, it’s tough to trade while working!
THE DOG BARKING WILL CONTINUE FROM MY FELLOW CANINE devil dog !! BREIF SNAP BACK RALLY TO SHORT SOON ? BARK, BARK ! cnn bark fear is stonger ! bark , bark