The Daily Dose of Trading Comments

Here you'll find short quips concerning the market mood and direction posted intra-day as the market dictates and time allows. You can find TATs strategy here. Comments here are from a trader who trades for a living.

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Tuesday, November 22, 2005

The chips just keep chipping away at higher prices and are on the verge of breaking a down trend line this morning that's been in place for 4 years now. That's got the folks who feel like they are being left out up in arms here.

I made a few purchases this morning but nothing big. A few more days of exuberance should set this market up for a reasonable and likely fast pull back. For now, enjoy the ride as it doesn't get this way that often. Despite so many reasons we should be pulling back now, the holiday trading is still trying to take us higher.

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