Posted by commoditywatch on March 10th, 2009
Trader Michael Hampton is looking for a turn in the markets, but at the moment it hasn't come now. He likes oil and oil stocks, but for now he finds himself 'sitting on the fence' .
This entry was posted on Tuesday, March 10th, 2009 at 5:39 am and is filed under Uncategorized.
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July 16th, 2010 at 9:23 am
Click here, to see a chart showing when this podcast was recorded: http://img146.imageshack.us/img146/9703/xxxh.gif
March 9, 2009: SPY : $68.11 Open: 67.95 High: 70 Low: 67.73 Volume: 379,907,248
July 23rd, 2010 at 9:20 am
I wasn’t actually “Sitting on the Fence.”
I was sitting very nervously long, worried I might have to dump my positions, if the market accelerated down. The podcast caught me, in the pre-market time, after the Hang Seng Index had closed down 5%. It was the exact moment of the Low.
Listen to the comments in the Podcast, rather than judging from the title.