10 April 2007

New Tick Lows

Volume is pathetic and the old adage of not shorting a dull market is popping off in my head...but the market is only dull on the surface...the Trin on the Nasdaq has doubled to 1.34 and new low ticks of lower than -300 have me thinking a stealth sell off is in the works...and if you want some action there is always DNDN whose range has exploded with "profit taking" driving the stock down almost $5 in a half hour...wow...let's define our risk better and place our stop at today's highs for a worst case scenario of negative 3.75 points...jfg.

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