Opinions or things of interest to a veteran futures trader.
Thursday, August 30, 2007
A very scary stock chart.
I was trading in the bond pits during that 1987 market and I am hoping we don't continue to mirror that pattern. The scary thing is 1987 very closely mirrored the 1929 pattern and at least one supertrader I know of made many millions of dollars trading with the presumption the pattern was going to repeat.