Wednesday, August 23, 2006

Wacky Wednesday

Wrong again totally different from yesterday - but the market did go down today. NASDAQ had the worst day but the others were also off a bit. I'm looking for some recovery tomorrow. The Up/Down ratio is at 28%, the new 20 highs vs new lows stand at 298 to 362 which is good - means that things are starting to become a bit oversold. The three sisters all finished the day with strong white candles in the last hour and the VIX is within 5% of its 10 day average.

I held a couple of stocks overnight - XMSR and AMD. There really wasn't much going on today as far as day trades are concerned and I am hoping for a jump in both in the early going.

No comments: