I Have My 3 Jumpers!! A Bottom Is At Hand!!

A down 20% week was the catalyst I was looking for in terms of a prior post wherein I was looking for at least 3 jumpers to call a bottom in the tape. In the last week, the following has happened, which sucks for the families involved, BUT IS GOOD FOR THE MARKET! Granted, they all did not jump, but killing yourself due to market losses is always a sign of a bottom. Here are a few instances of what I am talking about.....

• An out-of-work money manager in California loses a fortune and wipes out his family in a murder-suicide.
• A 90-year-old Ohio widow shoots herself in the chest as authorities arrive to evict her from the modest house she called home for 38 years.

• In Massachusetts, a housewife who had hidden her family's mounting financial crisis from her husband sends a note to the mortgage company warning: "By the time you foreclose on my house, I'll be dead." Then Carlene Balderrama shot herself to death, leaving an insurance policy and a suicide note on a table.

• Los Angeles based Karthik Rajaram, 45, a former money manager fatally shot his wife, three sons and his mother-in-law before killing himself. He left a suicide note saying he was in financial trouble and contemplated killing just himself. But he said he decided to kill his entire family because that was more honorable, police said.

• A Tennessee woman fatally shot herself last week as sheriff's deputies went to evict her from her foreclosed home. Pamela Ross, 57, and her husband were fighting foreclosure on their home when sheriff's deputies in Sevierville came to serve an eviction notice. They were across the street when they heard a gunshot and found Ross dead from a wound to the chest. The case was even more tragic because the couple had recently been granted an extra 10 days to appeal.

• In Ocala, Fla., Roland Gore shot his wife and dog in March and then set fire to the couple's home, which had been in foreclosure, before killing himself. His case was one of several in which people killed spouses or pets, destroyed property or attacked police before taking their own lives.

This all is obviously horrible and very scary. It is also what marks a bottom.....






--The Angry Trader