Thursday, November 8, 2007

Virtual Office, $14,940. Dow, -34.38, 13265.64.

Me, $5179 on 84,100 shares traded.
Evolution, $1542 on 125,600 shares traded.
Dehtrader, $967 on 3100 shares traded.
OBAT, $105 on 23,200 shares traded.
Wincity, $40 on 700 shares traded.
Denarii, $27 on 2200 shares traded.
Akalawoo, no trades.
Stewie, seen with a can of Macademia nuts... developing.

A "W" bottom.

Always nice to see the market get smoked and then come back almost 100%, no matter if you're bullish or bearish... it just makes you feel good.

I'd normally make fun of CNBC here, but I had my TV on "mute." I just couldn't stand to listen to Maria. Did she mention the MOC buy imbalances? If she did, I'll give her some credit but I kind of doubt she did.

Anyway, it was a good day for the VO as everyone finished in the green. And finally... we got volume. 2 billion shares of volume. Now, I'm not sure if that means we put in some type of temporary bottom or not, but I will say that the 1455 level in the futures was also important in August. 13,000 may also be providing some kind of psychological support on the Dow. I think we've used up our Wombat for the next few days.

For me, this is good as tomorrow I'll be trading only a half day. We'll be in the big city all weekend. I'll try and get the VO up, but no guarantees. As you can see, Stewie was found in the corner of the VO today with a can of Macademia nuts and mumbling to himself. You recall what happened to Bubs... anyway, something may be up.

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