Today's tape action
#1
Posted 01 February 2007 - 10:23 AM
#3
Posted 01 February 2007 - 10:35 AM
#4
Posted 01 February 2007 - 10:35 AM
#5
Posted 01 February 2007 - 10:41 AM
#6
Posted 01 February 2007 - 10:47 AM
#7
Posted 01 February 2007 - 11:09 AM
klh
#8
Posted 01 February 2007 - 11:10 AM
I took a small short in the drillers with the all of the rate talks from the Fed, while the rest of the market was blowing off... I didn't expect it to come down so quick, but worth to mention, something is also broken over there...
As I said yesterday.. stops needed clearing in drillers. XD had it right, but he put his stop at the obvious place.
#9
Posted 01 February 2007 - 11:21 AM
#10
Posted 01 February 2007 - 11:26 AM
For the bulls' sake I hope I am wrong but something about this tape during the first hour smells and I have taken money off the table after increasing for the past five days. Select tech stocks just haven't been trading right especially IBM which has been stopped cold the past few days trying to top its down gap opening from a week and a half ago. Hopefully this is much ado about nothing but prudence trumps all in my trading, especially when I get myself overly exposed.
The tape is smelling more and more as I continue to lighten up. From a contrary point of view the bears should be scared as this wondrous bull market is getting no respect when hard core bulls like myself suddenly get into a selling mode.