19 March 2007

Smelly Sox

Kind of a slow afternoon with the Philadelphia Semiconductor Index (SMH:AMEX) acting terribly down .5% while the rest the market holds some gains...still holding short here as my patience starts to thin...good stop placement has kept us in...still looking for one more push down as I don't think we'll close here (1778 as I type) ...maybe 1774-1772...breadth still holding up...now only 2-1 on the Naz...let's see if they fleece the morning buyers here by the close...jfg.

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