Comments on: Sentiment Overview: Week Of December 12th, 2008 http://www.tradersnarrative.com/sentiment-overview-week-of-december-12th-2008-2140.html Freshly squeezed market commentary & analysis Sun, 21 Mar 2010 23:02:39 +0000 http://wordpress.org/?v=2.0.2 by: Senta http://www.tradersnarrative.com/sentiment-overview-week-of-december-12th-2008-2140.html#comment-35927 Sat, 13 Dec 2008 20:08:37 +0000 http://www.tradersnarrative.com/sentiment-overview-week-of-december-12th-2008-2140.html#comment-35927 The Madoff scandal is just amazing. It dwarfs previous frauds like worldcom, enron etc. I lost quite a bit of money on the financials - AIG, Fannie, Freddie, Citi, Wamu etc.. I can blame management incompetence and greed for these but this is outright fraud. Are there more shoes to drop? If so S&P may hit 600 as the public panics and pull their money out of mutual funds etc. The Madoff scandal is just amazing. It dwarfs previous frauds like worldcom, enron etc.

I lost quite a bit of money on the financials - AIG, Fannie, Freddie, Citi, Wamu etc.. I can blame management incompetence and greed for these but this is outright fraud.

Are there more shoes to drop? If so S&P may hit 600 as the public panics and pull their money out of mutual funds etc.

]]> by: jeremy http://www.tradersnarrative.com/sentiment-overview-week-of-december-12th-2008-2140.html#comment-35922 Sat, 13 Dec 2008 14:18:34 +0000 http://www.tradersnarrative.com/sentiment-overview-week-of-december-12th-2008-2140.html#comment-35922 Magic 3? Fan lines 1 and 2 taken from a lower point than from Fan line 3. Fan lines should spread out from the same point, so your point about a potential breakout in January looks to invalidted to me-unfortunatley! If Fan line 3 comes from same as 1 & 2, using same angle, breakout 3 looks some distance away. Interested in your thoughts. Magic 3?

Fan lines 1 and 2 taken from a lower point than from Fan line 3.

Fan lines should spread out from the same point, so your point about a potential breakout in January looks to invalidted to me-unfortunatley!

If Fan line 3 comes from same as 1 & 2, using same angle, breakout 3 looks some distance away.

Interested in your thoughts.

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