Thursday, August 10, 2006


A good three-day vacation always ends with the prospect of great trading on the morrow and this is no exception.

The three sisters (Q's, DIA, SPY) all finished their last hour strong and white. The up down ratio sits at a benign 50% and there were 421 new 20 day highs and 461 new 20 day lows a very neutral number but sufficiently robust in the new low department to give the traders on the long side plenty to do.

The VIX remains around 0 (when compared to its 10 day average) which is also a neutral finding.

I'm looking forward to tomorrow for some good hunting.

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