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They're trying to get this market green, and that would make 7
sessions in a row. Even in insane run ups like 1999, we didn't get
many 7 day win streaks, so just understand that the rubber band is
getting stretched. So far it seems the snapback
Long grinding day as they desperately try and defend yesterday's
move up. They've still got the DOW up by 4, but the S&P
has fallen slightly red. No big deal for the bulls, as I said this
am, we can close red.. as long as
Okay folks... Let's chat.
Today was really over the top. Why were we up 130 points on no
volume? Why did we break over 3K on the NASDAQ, 13K on the DOW?
There was no logical reason for it. The volumes
This has been the sleepiest day I've seen in some time. Basically
they've dug in their heels on incredibly low volume and they've
decided to just wait on the Fed tomorrow.
The problem with that however is that I don't think Bernanke's
Okay folks, first a bit of an apology. At 8:30 this morning when
putting up the "consider" list I noted ANF over 50.20. Well, before
the open for what ever reason I spaced out and loaded my buy order
for ">50.00" instead of over 50.20. That's why
This market is pretty schitzo.
They cranked it up, and ran it. But they jumped from sector to
sector like a yo yo. Look at the STX we bought this am. In at 28,
it was up to 28 50, then they took all
Hi guys.. I know I said I probably wouldn't post.. but I had to
take this moment to show you just why this market is so damned
The first hour of trading they tried all the usual hype.
Well, I would have to say that this counts as a "real" pull back.
We're coming into the last hour with the DOW off 223, and we
haven't had a washout like that in months.
Now the question is.. how low can this go?
First off some house cleaning...
If you ever find that the second update is the same as the morning
update, rest assured it's not just you. The entire mailing system
gets the same one. Constant contact changed their interface
They pulled off the run for green, as we expected, but the first
shot didn't hold. I'm a tad late writing this, and at 11:06 we're
down 17 DOW points. But.. guess where the S&P is? Can you say
If that S&P holds, we'll