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To: Q8 who wrote (88953)8/8/2007 3:42:53 PM
From: Broken_Clock  Respond to of 206183
 
This market is so whacked that it is all daytrading at this point. No trend other than sell and take a profit as soon as you can.

175 was resistance for OIH and that held.

Odds are the downtrend will continue.



To: Q8 who wrote (88953)8/8/2007 3:47:55 PM
From: chowder  Read Replies (1) | Respond to of 206183
 
Kind of funny how the market works. Both of us see the same information yet interpret it differently, and both of us were able to turn a profit in the same time frame. I got my short term counter trend trade, you got your false break out. Good job!