wow ! talk about a whip saw !

Discussion in 'Trading' started by NY_HOOD, Aug 7, 2007.

  1. some crazy action.
     
  2. insane moves recently.. tomorrow reality will set in, down.. its a bs move, but trade the range anyway.. trend is down..this week..
     
  3. S2007S

    S2007S

    yea, down 100 at the open followed by a steady rise to intraday highs right before the 2:15pm decision, drop 50 points in 15 seconds right after the announcement, dropped as much as 100 points again to rally back up 130+ only to lose those triple digit gains and close higher by 30 or so points. This market is getting insane. Tomorrow brings more volatility. CSCO should be the market mover tonight.
     
  4. How did you determine that? Everything has certainly moved up since Friday's close...

     
  5. my guess from experience doing this for years, my opinion, does not mean i am right, need to re-test lower levels & build from their, moves are too erratic, this is a bs move, i just go with the flow regardless, but keep a eye on the bigger picture as well. see what happens tomorrow & in the next few days.. we have not bottomed near term yet.... imo..