Monday, January 7, 2008

Virtual Office, $9461. Dow, +27.31, 12,827.49.

Misstrade, $10,020 on 18,000 shares traded.
Retard, $808 on 16 contracts traded.
Sanglucci, $573 on 21,200 shares traded.
OBAT, $292 on 3800 shares traded.
Akalawoo, $180 on 3 contracts traded.
Wincity, $65 on 100 shares traded.
Me, no trades.
Dehtrader, no trades.
Denarii, -$105 on 600 shares traded.
Evolution, -$2372 on 181,400 shares traded.

The market is smoking crack.

That's the way it seemed today as I watched it all day for the first time in weeks. That 100 point rip in the Dow in a 15 minute span around 3:30 was insane.

In other words, it's a market that is offering lots of opportunity. However, as always, where there's opportunity to make money, there's also equal opportunity to get smoked.

Still, I'll take a market on crack over a market in rehab any day of the week.

Okay, well we had great volume today (when is the last time I said that?) as we traded over 1.7 billion shares on the NYSE. The VIX declined slightly to close at 23.79.

I chose to stay on my simulation account instead of trading the afternoon. Until that wild Dow move late in the day, it seemed as if most of the action occurred early when I was in Esignal Hell.

Hope you made some money.

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