Choppy Day So Far…
Posted on December 20th, 2006
Written by Richard
Posted in: N/A (old archives)
What a tricky, choppy day today. Hopefully something will wake up these markets later. Check out some examples:
QQQQ chop chop chop
GLD chop chop chop (notice how the colors are opposite QQQQ’s, in the standard gold-to-market relationship)
SMH chop chop chop (I was considering trading it, too… )
… and there are plenty more, but I’m starting to feel like Trader Tim, so I’ll stop with the index charts already… :-)
Often, I go take a nap about now, but I usually wake up and find that I’ve missed a move. So, I’ll try to stick around and see if any buying kicks in around 1 EST, which it seems to often do…
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.