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Okay, the morning has been nuts. We opened big and were up 116
points. Then the air came out and we fell almost 100 points. Then
right back up to where we are now + 100. What's all that about?
Mostly the Robots. The algo's
High all, first off let me explain the bizarro post this am about
I put COST out as one of our watch stocks yesterday. here
was the list...
NUAN over 24.30 looks interesting
COST over 97.25 could break free
The market's a bit perkier today than it has been on either Monday
or Tuesday as they continue to jockey around for position. Today's
Beige book report was actually more upbeat than recent reports have
been and the market didn't fade off on
The market has been in a really tight range all day, and there's
simply no volume. No one's doing anything with the RNC, and
Bernanke, and the German vote, etc...
We are simply sitting on our two short term positions, and
Well, the day has been more of a long grind than I expected. I
didn't think we'd roar higher, but I did think they'd put a few
points on. So far we're remarkably flat.
We're simply sitting on the two positions we picked up,
We were just grinding along, down a couple points when all of a
sudden... boom, up we went. Obviously someone said something, and
sure enough there was more positive talk about QE coming. So they
did the job, they got the market back up, despite nothing
This is pretty funny stuff. The chatter all day now has been that
the Fed probably won't announce any more QE and that the market
wouldn't care if it did. I can't even make this up.
The only reason the market was up was
NOTE>>> Earlier when I posted at 11, I listed LSCC as if
I still had it. I DO NOT. I was stopped out this am on the opening
dip, but strangely my system still showed me owning it at 10:45.
When I actually clicked my account box,
Well, can you say "failed breakout attempt?" Because that's
just exactly what happened today and the reason I wasn't shy about
taking some profits today. The market had wedged itself right up to
the 4 year highs, and needed a big push to get over it. Yet
They dug in their heels and sure enough we're coasting into the
close just barely red. This is about what I expected, maybe a bit
better. I figured we'd lose 30 points or so.
We took TTWO at