Without Capitulation Volume We Can Just Keep Selling Off
October 8, 2008
I am too tired to add anything new to the commentary that I have written the past few days as there is nothing else to say about this market except that is U G L Y!!!!
I do want to show you what you NON-subscribers missed the past three months that those at BWT did not miss. So you think everybody lost money the past three months. NOT HERE. 
top shorts and total return since entering: POT 46% CEDC 29% APD 35% CAJ 25% CEO 28% OKE 33% ATHR 20% CYT 40% AMX 35% RIMM 44% MOS 60% AAPL 44% TITN 35% SBAC 50% CETV 52% GGB 55% SDA 63% SPW 58% HXM 52%
Gold and Platinum subscribers can watch the 14 minute long Market Wrap Video on the forums or from the link in the chat room. The youtube free version will be posted later tomorrow. It will be broken up into two parts. Enjoy Gold and Platinum guys! Sorry for the late night but there is no point in repeating myself FIVE DAYS IN A ROW!!! This market sucks and you should NOT BE LONG ANYTHING!!!! For the first time since before 1999, I am now holding under 10 longs. That tells you how messy this market is. Normally in a pullback, even in 2000-2002 there are a few gems that hold up and breakout and WORK. Those stocks don’t make you the big money but they still put a nice pretty penny in your pockets when things are not going well. Well, things are so ugly right now that unless you are short, there is NO WAY you are going to make money on the long side unless you are long these Ultrashort inverse ETFs. Unless you are long those ETFs, you have no shot in this disgusting tape.
I assume there is more pain left out there if we can’t even bounce after a nice bounce back intraday on Monday. Continue to keep cautious, make sure you take some profits in on some of those shorts (but not all), and continue to keep your watchlist updated with the best stocks in the market so that when we are given the FTD and sign to get long there will be no hesitation on your part.
There is not much more I can add. Enjoy your Wednesday. If I wake up and see another crash, I am just going to stay away till the closing bell. Remember, Gold and Platinum guys your market wrap video (14 minutes) is ready and the youtube video for the freebies will be up later on in the AM.
Aloha for now. I shall see you on Wednesday where I hope the action is a little bit more positive. Personally, I am getting SICK AND TIRED of hearing all this doom and gloom. It is driving me nuts. Alooooooooha!!!
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No new market commentary for Wednesday. There will be a video for Gold and Platinum guys on the forums and in the chat room. The YouTube version will be added later in the day.
Market Commentary will return Thursday