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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Trumptown who wrote (286325)5/6/2004 11:05:09 AM
From: Michael Watkins  Read Replies (1) of 436258
 
I think the real issue is where the SPX goes to be honest.

NYSE is selling off big too. A/d is .16:1... that's low. a/d volume ramping up to the downside too.

It would seem likely that price might revisit the 4/30 lows - they can push it down that far in one day easily enough. Take out some stops...

And then wait for tomorrow.

Its going to be insane. Picking direction for tomorrow, today, is largely a crap shoot and I won't be playing until the number is known.

I'll play the move in futures and save capital in other trading accounts after the gap up or down stuns stock holders.
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