Discussion in 'Chit Chat' started by MrDODGE, Aug 1, 2007.
The market is out of control!
It's getting worse than WWE.
What are you talking about? Its f-ing sweet. Wish it was like this all year.
Ah yes....heaven on my hard drive!
I don't have time to daytrade.
Too choppy for swing-trading so im on the sidelines right now.
It is great in some case but in others not.
I went long the UYG around 9:45 sold about 20 mins later for a small profit, I looked back at it around 12 and saw it trading 2 dollars lower from where I sold it and was glad I sold. By the 4pm closing it was up about $2.50 from its Intraday low. Crazy volatility, this will continue for the next month I think, especially with all these rumors around.
I don't swing trade, usually, but could you perhaps use the weekly charts to get rid of some of the noise? Or, because of volatility, would that result in too much drawdown for your comfort?
"We've got a tug-of-war going on," said Arthur Hogan, chief market analyst at Jefferies & Co. "We've got that dichotomy between fear and greed. This is greed kicking in," he said of the final 20 minutes of trading.
OIH was off the chain, wish it was like that more often.
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