Wednesday, October 19, 2005


Still parked through this action. I'm just not good enough to tell which direction this market is going. I have noticed a repeating pattern where energy stocks get slammed, bottom out midday and rally in the afternoon, but the energy complex all trades on the floor of the NYSE, and in a market with a downwards bias it is extremely dangerous to throw any type of momentum trade out there with a stop loss on... It would be easier to just write the specialists a check and go play monopoly instead.

I am waiting to see where we go next before I pick anything else up.


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