On the afternoon of the Stock Market Crash of 1987, the market maven, the stock chartest who was the smartest guy that everyone wanted to know what he thought----was on the afternoon " call" that went world wide to all the EF HUtton offices....
One of the representives asked him:
"Where do you see some market support here?
He responded:
"In a PANIC all the theory of market charts is of no use. I cannot say where support is."
I never forgot his words.
Thursday, August 04, 2011
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