Thread: Crunch
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  #54  
Old 09-30-2008, 09:46 PM
bas_I_am
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Join Date: Jun 2005
Location: living on a psychedelic pig farm
Posts: 514
Re: Crunch
Quote:
Originally Posted by Strangelet View Post
one thing I like about dirty is how no one starts their posts with functionless condescending remarks.
I am assuming that you are being sarcastic. In my defense, I started with a conjecture. Made three supporting arguments (full of typos, I admit.) And finished with a conclusion.

Quote:
Originally Posted by Sean View Post
Anyway, maybe I was completely wrong. Although they are saying that the rise was due to confidence that a bailout deal would be reached by weeks end.
I'm thinking that it is just a rebound based on 'bargain' hunting by unsophisticated investors spurred by shorts picking up their marks.

Note, it hit the 10800 resistance; if it goes through to 11000 it should hold on confidence. My bet, it is back down to 10300 by friday. If we break through 10200 it will fall to 9900.