Pretty Ugly day

Posted by downtowntrader | 1/20/2006 04:31:00 PM | 2 comments »

I won't be posting till Sunday night, but I will say that today was pretty ugly. In December, this is the call I made, that we would rally in January and then pull back, but after the strong run we had, I was thinking I may of been wrong. Initially, it looks like the market is setting up for a possible head and shoulders with the next rally being the right shoulder on SP and NAS. I will try to analyze the indices this weekend. Notice that some stocks held up pretty well today and those should be the first to move when we get a bounce.

Have a good weekend,

DT

2 comments

  1. BossMack // 4:44 PM  

    It's a good day dude, fuck that.

  2. downtowntrader // 3:23 PM  

    I never said bad... I said ugly.