Plunger Alert

Look at Lehman Brothers (LEH) in the daily chart, you can see it trying to triple bottom at 20. Now triple bottoms are rare so I just weigh it so that it a break is more probable than a bounce. The market seems to be showing unexplainable strength here.

Yes, I see Freddie Mac (FRE) and sister Fannie Mae (FNM) crashing today, but that just proves the point; the worm has turned. Even now, angry stock market rubbernecks are demanding answers: Why has the market not crashed? What is wrong? Was it canceled? These are legitimate questions, of course, but the answers are elusive. Might as well ask a tick farmer to count his herd.

I can explain it, thats why I issued the plunger alert and why we do not have a single short position on yet.