Wednesday, November 22, 2006

Wraps a Wednesday

Good day - but I missed most of it - including an opportunity to sell GM a dollar higher than where I did sell it. I think it has bottomed and I re-bought it at the close for a swing trade. Otherwise I was out most of the day.

For Friday it will probably be more of the same since it is a short day. The up/down ratio is 50%, the VIX is back to neutral, the new 20 day highs added a few to 854 and the new 20 day lows took off a few to 182.

The three sisters and the ugly stepsister and the proxy for the 22nd century all finished strong and white in the last hour. I think that all the above means an up day on Friday.

The magic coin adds another and prints 33 and 19 and for tomorrow ... heads - bull market continues - who believes a magic coin.

1 comment:

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