Just Vicious Out There
Trader Mark (July 9th, 2008) Writes:
The "Guy Bottom" might not be there after all - just a poor market where no rallies hold. I have no analysis for you other than this is vicious action. The bear snickers at us! This has to be the 3rd or
4th failed "reversal" in the past few weeks. The total inability to follow through for more than a few hours stinks. This is feeling more like 2001-2002 by the day.I thought I could put the buckets away for a day or two - apparently not. Where are those darn unicorns, butterflies, and mermaids? The 2nd half recovery was supposed to begin a week and a half ago! :)Well we were actually up 3% around noon for the day. Unfortunately rallies don't last more than ...
4th failed "reversal" in the past few weeks. The total inability to follow through for more than a few hours stinks. This is feeling more like 2001-2002 by the day.I thought I could put the buckets away for a day or two - apparently not. Where are those darn unicorns, butterflies, and mermaids? The 2nd half recovery was supposed to begin a week and a half ago! :)Well we were actually up 3% around noon for the day. Unfortunately rallies don't last more than ...


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