Intra-Day Update: Roller Coaster Galore
UPDATE 3:08pm EST: We needed clean cups – page was getting unruly.
Now, fortunately we sometimes attract somewhat intelligent leeches. Anon pointed out that today’s tape was painting lower highs and lower lows on the 1hr zero. I have not used it that way, but it is pretty interesting. Could this be supportive of an good ole’ fashioned bear flag? Any thoughts on the subject? Only the smart leeches please… 😉
UPDATE 3:38pm EST: Note that we are back at the 860 short RL – if we breach that we might get a rally into the close.
UPDATE 3:58pm EST: Everyone – it seems that disqus is broken again. Not under my control – hope it’ll get fixed soon. Anyway, what a day! Whipsaw Central would be an understatement. The smartest thing I did today was to stay out.
UPDATE 5:25pm EST: Just wanted to let you guys know that there won’t be a market wrap-up posting tonight. Berk and I are exhausted and need a day off during the week. Nothing much has changed since yesterday’s update – strangely the tape keeps moving along the path I outlined on Sunday. See you guys tomorrow morning.