Wednesday, October 17, 2007

Equity Market Comment 10/17/2007

Quite a wild ride today with the market reversing course several times.

Too bad I was on the opposite side 3 times today.
No matter, my stops protected me, but it still doesn't feel good going 0 for 3.

Tomorrow is another day and it should offer some excellent trading volatility once again.

The two day pattern we had on the S&P 500 today projects a sharp rally tomorrow, with perhaps the entire rally and collapse happening in the same day.

Hopefully the volatility will treat me better tomorrow! : )


No comments:

Trend Analysis LLC Headline Animator