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Thursday, January 31, 2008

Now that, is some "really wild stuff"

Challenge Accounts:

Sharebuilder Balance: $131.14 (Dividend Paid Today)

optionsXpress Balance: $583.49
ING Orange Savings Balance: $2.06

We rally, what . . . 90 points yesterday only to fall off at the very end, and end up in negative numbers. Then we open much lower today, only to end nearly 210 points ahead for the day.

This market is not for the feint of heart. However, now, more than ever I'm convinced we are inside the first rally of this current bear market. How long the rally will last is anyone's guess, but since we had the 10 day upmove in December, this rally could last from tommorow, or even as far out as the middle to end of next week before resuming it's down trend. Then, throughout the downtrend, we'll probably have 3 more rallies, each longer than the one before it.

But who knows. Time will tell. I'm all cash for the moment.

* * *

Challenge Accounts:

Sharebuilder Balance: $131.14 (Dividend Paid Today)
optionsXpress Balance: $583.49
ING Orange Savings Balance: $2.06

Total Trades and Investments: 1
Largest Inter-trade Drawdown: $86.51
Consecutive Losing Trades (Drawdown): 1
Average Drawdown: $86.51
Accuracy Rate: N/A
Average Reward: $0.00
Risk Reward Ratio: N/A

This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders

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