ECRI leading indicator at -10.0% predicts a double dip 100% of the time. So gird your loins folks.
On another note.. the market did its oversold bounce while I was kayaking around Lake Faucherie on mon, tues, and wed. But continued its downward slide as soon as I got back in the saddle on thurs. first downside target is 953-944 SnP, then 884-879, then 842, then 800. Let the fun begin!
On my entry into the contest on wallstreetsurvivor.com I am now in the top 8% for this month. And on my 100k portfolio I am in the top 3%. WooHoo.. The linear regression curves are working beautifully in ironing out all the noise and presenting very predictable patterns. the only thing that gets in the way is when my bias creeps in and I anticipate the lower probability outcomes. Weird how that happens, but I have to keep checking myself, to be sure I'm not simply seeing what I want to see.
Friday, August 20, 2010
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