Friday, October 24, 2008

Bullshit, The Commodity


-"bullshit" circa 1962

If Bullshit was a commodity, it'd be limit up right now.

The volume today is HIGHLY suspect, as in, there's none of it. For a day when the futures opened limit down, this low volume bounce is ridiculous.

The close will be very important and most likely, scary.

Remember to focus on volume. Without it, nothing matters.

5 comments:

Rob said...

this is like the slow motion action shot of the car going off the cliff...you know it is going to happen but the slow motion is just adding more time and emphasis.

Dinosaur Trader said...

Totally... i see a little H&S action forming in the emini 5 min potentially... I'm sure the close will be very interesting.

The key now, during this low volume chop, is to stay in the game.

-DT

Rob said...

Knock Knock
Whos there?
Margin Clerk
Margin Clerk Who?
MARGIN CLERK SAYS SELL YO SHARES MUTHA FUCKA!!!

Mark said...

Margin clerk got fired. BS market continues.

Soulfire said...

Talk about helter skelter......

Giant moves up and down in a matter of just a few minutes.

I almost thought the market had the chutzpah to go rallymode and close positive today.