Monday, March 17, 2008

volatile day

Huge volume in the morning today that tapered off to lower levels that, I would assume, don't correspond with a "bottom." Summing it up with a big bull rush on the DOW leaving it green for St. Patty's day. Perhaps the market is "pricing in" a full point rate cut for tomorrow.
Today saw a number of these parabolic set-ups:

LEH, not quite parabolicGFIG

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