Tuesday, December 19, 2006

Early Reversal

Today's action resulted in a new downtrend starting earlier than expected.... though my old acquaintance Ground Zero was already short... the fluctuations in the market seem to be getting shorter in frequency. The breakout from the supposed symmetrical triangle failed as a result - it worked - but now we have fallen back into the triangle zone before making a new high on NDX. I'll close all the long trading positions and then look if I will actually take the short with a limited size.

I spent most of today travelling to Burlington, VT. Amazing how mild it was and how green the landscape sometimes looked on the way up here.... Definitely nothing like a Vermont winter here.

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