Tuesday, September 30, 2008

If You Can't be Lucky, Be Right. And: Climateer's Quote of the Day

Kids, don't try this at home. Yesterday, in "Get Ready For a Relief Rally. And: How Bad Can it Get" we said:
...A sixty percent retracement of today's (and tomorrow's?) decline is well within the bounds of possibility (I won't go all Fibonacci on you)....
60% of 777.68 is 466.62 points. We closed up 485.21, an overshoot of 18 points. I'll lay it all off to luck. Here's our "Quote of the Day":

Last Trade:0.082
Trade Time:4:00PM ET
Change:Up 0.048 (141.18%)
Prev Close:0.034
WAMUQ.PK is what remains of the largest Savings & Loan in the country.