Another Notch Tighter

08Oct08

This is an update to yesterday’s post Psychology of the Drawdown. 

The rubber band stretched another notch tighter today.  In my post yesterday, I showed the 9 instances since 1950 when the S&P 500 had lost as much as this market (as of yesterday) over 3 consecutive losing sessions.

Now that we’ve hit a fourth day of pain what would that table look like?  It would have just two rows.  

These are truly historic times we’re trading in.

Happy Trading,
ms

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