Round Trip

Another nutty Fed decision day. You can see why I avoid these days like the plague. But I'm sure daytraders love this kind of action. After all the ups and downs today, the market basically ended flat. The S&P and NASDAQ are sitting right on those June 9th lows. I doubt that there's enough selling pressure left to take those levels out without some kind of impetus. But I'm not convinced that a bounce from here would be the start of a new up leg. Let's see what tomorrow brings.

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Quoted

"The beauty of entering off of narrow range bars is that you risk next to nothing to take a position. It's like being able to play a hand after putting one chip in the pot when the minimum bet is three chips." ~ Chairman MaoXian
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This page contains a single entry by Michael published on June 26, 2003 1:33 AM.

E*Trade's Efficiency was the previous entry in this blog.

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