Wednesday, August 8, 2007

Climbing Ugly

Man that was easy. All you needed was a suicide wish to sell the rally today, and of course it worked. Then being equally clear minded you bought the break, and it worked. But of coarse the reality is that this market hunts down both the bull and bear while traveling through these ranges, keeping both camps uneasy. The bulls continue to climb out of the volatile lows made on August 3rd and 6th. End of the week trading has brought out some ugly closes. This will be an opportunity for the bulls to close it well if they can.