I just got back from voting. It *only* took 45 minutes. I wasn’t expecting the 3 & 4 hours people were reporting for early voting but I didn’t think I’d be back at home in time for the market to open. I had planned on this being a wasted day for trading and figured I’d [...]
Posted by 3 November 2008
Watchlist for November 3, 2008
I’ve still got my eyes on the resistance around the highs of October 17th, 20th and 21st (depending on which index you’re looking at). Until the bulls can produce a high above those highs I have to consider this rally nothing but a retracement in a larger downtrend. On Today’s Calendar: 10:00 — Construction Spending [...]
Posted by 2 November 2008
Historic Volatility
Here a graph which shows some not so surprising news, the current market is the most volatile the U.S. market has been over the last 80 years (based on the S&P 500). The volatility last month makes the 1987 crash look like nothing. There are a lot more interesting stats in the article that accompanies [...]
