October 13 2008 Morgan Stanley in the great apotheosis. (Sorry for the college vocabulary. Maybe Gotterdammerung would be better)
As a comment, and a lesson and as a possible investment it is worth looking at Morgan Stanley the last two trading days.
Like every other stock in the universe Morgan Stanley fell off the cliff. Anyone who was long MS at the fall knows nothing of trend analysis. It was in an extended downtrend and the denouement was marked by the down gap at the horizontal line in September. Those innocent of knowledge could only repeat the experience of Jimmy Cayne in Bear Stearns (a financial professional!). But Friday presented some of the characteristics (not perfect) of a reversal day. On Monday a clear buy signal occurred.