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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Friday, November 18, 2005

There wasn't much of a real push and I ended up shorting as a hedge again. This chart is setting up ugly today and maybe ... just maybe ... they are planning on thrashing around for a while if not really declining. We know the air is thin up here and we know that the odds are that this will take a toll at some point, but momentum has a way of screwing up your thinking. Don't expect a collapse over days at this point, although a collapse intraday is always a possibility.

posted by Tat | 10:43:00 AM

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