EDGE TRADER

Thursday, August 18, 2005

Seeing Red

Wow, the level of panic is immense out there today. I made myself hold steady until TICK was positive. It just went green at about 9:52. Oils are heading towards positive territory after an ugly looking open. I still believe in this sector but will take some profits between now and next Friday.

With such a solid down day, opportunities for trades should abound. I have to think that Greenspan will signal to the markets to calm down in some way. But we will see...

1 Comments:

At 2:57 AM, Anonymous electronic day trading said...

Enjoyed reading your blog.

Regards,

Active Daytrader
electronic day trading
http://www.daytradingcourse.com

 

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