Saturday, October 20, 2007

Firday

Today is the darkest day in the world of Traders.

Remember remember 19 Oct 1987, the infamous Black Monday. The curse has revealed itself
on 19 Oct 2007, Friday. Dow has dropped almost 200 points and this will have it effect on Monday. With Oil peaking due to Turkey action on Iran and Bond price went up. It's one deadly cocktail.

Monday will be a test for most traders, if they have the foresight to go in and pick up cheap stock. The bull is not done with it run yet, it is just taking a short break for it's next bust.

Work today was good, Volume was good and under control. I managed to leave office at 6.45pm and had a great time with my friends. Dinner, dessert and some small talk.

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