http://stockrake.disqus.com/My stock trading journal. I time the market and look for trading opportunities in stocks, etfs, and options.enFri, 10 Oct 2008 09:12:17 -0000http://www.stockrake.com/another-day-another-loss-on-a-gap-down-open~2008~10.html#comment-2978486<p>Sensei,</p><p>I continue hold on existing positions. I took a small position on October 3 in BAC, WFC, JPM, and MON, before the bailout vote, since I thought the bottom was near. WRONG !</p><p>At this point, I'm going to wait for the a visible near term bottom, and trade the rally, in anticipation of another downturn.</p><p>I think this bear market will last another year, since the last one was 2 years, 2000-2002.</p>Super SaverFri, 10 Oct 2008 09:12:17 -0000http://www.stockrake.com/another-day-another-loss-on-a-gap-down-open~2008~10.html#comment-2977019<p>I'd rather see the futures down in the morning badly rather than up in the morning at this point. Usually a gap down marks exhaustion.</p>StockRakeFri, 10 Oct 2008 07:10:23 -0000http://www.stockrake.com/another-day-another-loss-on-a-gap-down-open~2008~10.html#comment-2976576<p>I like your sentiment but unfortunately we're not through it yet! Europe is being decimated atm. FTSE was down 10% earlier - although it has come back a bit. Where do you see a bottom for the dow? I can't see it going much lower than 8000.</p>pioFri, 10 Oct 2008 05:34:32 -0000