Posted by 4 December 2006

December 4, 2006 Stock Market Recap

Tough market for the bears… it’s like last Monday’s big selloff never happened. The Dow erased all of last Monday’s losses and the Nasdaq came within a few points away from doing the same. The S&P 500 and even the Russell 2000 made new highs today. If I was a perma-bear and just had to [...]

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Posted by 4 December 2006

Watchlist for December 4, 2006

Looks like a pretty flat, although mixed open. SPY is trading down a couple of cents and QQQQ is up 9 cents. That’s not enough of a gap on either index for me to fade so I’ll just wait for 10:30 to see what looks good. On Today’s Calendar: zip, zilch, nada More Calendars: U.S. [...]

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Posted by 3 December 2006

December 1st Recap: Horseshoes and Hand Grenades

On Friday the Nasdaq and Dow came real close to completing those potential falling three methods patterns. But like they say, almost only counts in horseshoes and hand grenades. A crush of late day buying pushed those indices back above Monday’s lows. Was it ‘real’ buying or just short covering? I have no clue but [...]

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Posted by 1 December 2006

Watchlist for December 1, 2006

I probably should stick to my new plan of taking Fridays off for the rest of the year but I really want to hang around to see if the falling three methods theory pans out. So I’ll see what the first 60 to 90 minutes brings. Also, there’s an interesting interview on WallStrip with Dave [...]

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