Friday, November 30, 2007

Friday Trade Review 11/30/2007

I finally started trading futures again today. Made 5 YM trades today. Hopefully I will get my mental money off my back. I did not want to ruin my P/L for this month by trying something new. I did ok. Plus +135 net. I also made one small stock trade.
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I will post charts this weekend. The wife is calling.
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The numbers:
Stocks: gross +29 net +27 shares trade (do not laugh) 100
Stock Futures: gross +170 net +135 contracts traded 18
Other Futures: none
Forex: none

Friday Morning Thoughts 11/30/2007

The God of Green Bay (Favre) fell last night. Not a good sign for the future. I am bleeding Green and Gold today. His replacement even playing better than him, could not make the comeback. The team may not make it to the Super Bowl. Life has become darkened.
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Back to the Markets. Unless it is different this time, I believe the market has put in its bottom. The Smart/Dumb money indicator is stating this. A course we will not go straight up but I think the market in safe for the bulls until February.
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The futures are going crazy again. A lot of friends are trying to fight this. I can't seem to get myself invested the way I want to fast enough. We shall see.

Thursday, November 29, 2007

Thursday Trade Review 11/29/2007

I really wanted to post charts but I had a lot of phone calls after the market closed. Also I a friend is buying me dinner tonight who made the bet with me that Bush would get Impeached by July 1st this year. I hope I will see my beloved Packers on TV at the same time.
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I made one stock trade today and it worked out good. I am still watching my new indicator and did not pull the trigger yet. It dawned on me today, I am up a little for the month and do I want to risk it just trying to work the bugs out of a new way for me to trade?
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The numbers:
Stocks: gross +68 net +66 shares traded 200
Stock Futures: none
Other Futures: none
Forex: none
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Wimpy, I know.
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Go pack Go.

Thursday Morning Thoughts 11/29/2007


(click on the chart to enlarge it - the screen shot is very big)
Bloggers have been asking what I am trying to do new so here is a picture. I have spend too much time dealing with other BS things today so far when I realized I have already missed 3 good trades this morning. One of them - I slept too late. The second I was in the shower trying to quickly get out of the way of my wife running to work and the third I was screaming to Verizon that my texting messaging on my phone is screwed up.
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If you see on the chart, I have marked 3 trades. In theory, each trade I would take with 3 contracts, a 20 pt stop and targets of 5, 10 and 20 pts. I can let the last one run if I want with a 20 pt trailing stop. Asimple system. The indicators show a change in direction. Even if yesterdays straight line craziness, this method looked like it would work most of the time.
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We shall see.

Wednesday, November 28, 2007

Crazy day 11/28/2007

I did a lot more trading today. Unfortunately, it was more in my retirement accounts than my day trading account. I do not know how much I should trust this rally. I have a couple of swings on but most of them are 1/4 to 1/2 positions.
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I am still trying to figure out a little different way of trading the YM's. Again I did not have the guts to pull the trigger but I watched in detail most of the trades I should have generated. I even spent the time in real time going thru one of the trades with another trader. Hopefully I will this will give me the confidence I need to start trading more. The trade came to one tick of being stopped before making a profit of 35 YM pts.
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I was happy I sat on my hands for most of my trades today in the retirement accounts. I need to do this more. It paid off big time in that account. At no time, I was over 50% invested there and I still made 2.2% today.
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As I stated a few posts ago, I am going to try to stick more to currencies and YM futures. I need to trust the methods for each. Other than the Big Mouth stocks, this will give me a much smaller set of things to look at.
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I messed up a Forex trade badly. I got a signal from a service to go long AUD/USD at around 88.00. I woke up late and got in at 88.25. After watching the trade go back and forth for 3 hours, I sold it for a small loss. Within 30 minutes, it started running. I tried getting into the EUR/USD and just didn't get filled. Again my ideas or alerts are right but my execution sucks.
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I may post charts later tonight. I am long a swing in XHB and in my retirement accounts XHB, AKS amd SMH.
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The numbers:
Stocks: gross + 67 net +63 shares 400
Stock Futures: none
Other Futures: none
Forex: gross -75 net -80 5 minis

Wednesday Midday Thoughts 11/28/2007

This market is so frustrating. I like to try to buy things calmly but this is a one way market. I am assuming we will continue to rally today and start out with a rally tomorrow.
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Once we get to Friday and next week we will have to reassess the market action. This could be just month end window dressing.

Tuesday, November 27, 2007

Tuesday Trade Review 11/27/2007

I spent the day sitting on my hands. I did start a small GRMN position earlier in the day but stopped it out with a small loss. A course GRMN went crazy at the end of day.
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I did start a swing trade in XHB. I think I did that more out of frustration then any other reason. If it hangs around the 17 area, I may turn it into a full position looking for a 1 or 2 move.
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The numbers:
Stocks: gross -30 net -32 shares traded 200 (funny)
Stock Futures: none ( very silly on my part - had a couple of good setups)
Other Futures: none
Forex: none (missed a great trade in the AUD/USD - nothing caught my eye today)
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I guess my great accomplishment today was stopping my finger from bleeding all over the place after cutting on a coffee can lid. Maybe I should trade coffee?

Monday, November 26, 2007

Monday Trade Review 11/26/2007

No trades today. I have rearranged my charts a lot over the last few days and have added one new indicator. I spent the day watching everything and trying to determine if this is a better setup for me.
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After thinking about it a lot, I will be spending most of my focus on the YM futures market (scalpes) with an eye out for possible currency plays (swings). Unless I fall into a stock trade, I think it is best for me to only trade the Big Mouth stocks on the open.
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I hope this will keep me more organized and focused.

Monday Morning Thoughts 11/26/2007

For many reasons, I believe we are getting ready for a multi-week bounce. I subscribe to Sentimentrader.com. They have a smart money verse dumb money indicator that is flashing a somewhat strong buy signal. The indicator is not easy to pick the absolute bottom but it does very well in picking major swing points. Also I have read in multiple places that if November sucks, most of the time December does not.
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These facts and others over the last week of so, I have gone from a 20% cash position in my 401k to 5%. I also will be looking to move my money in my IRAs into the market, I am guessing, this week.
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Too many of my friends are just beginning to but short positions on when I believe the majority of that game is done for now. Who knows in a couple of months or even weeks from now?
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I am hoping for a multi-day sell off to use that weakness to get long.

Sunday, November 25, 2007

Sector Review 11/25/2007

On the Trading Goddess blogsite, I posted my thoughts on some of the major sectors of the markets. I am too full of good food to post it all here again.

Currencies Review 11/25/2007






These are the latest currency charts. I have on them simple 9 and 14 daily EMAs. I am trying to figure out a simple system of swing trading the currencies in longer time frames. I hope to post the charts every weekend to at least keep me updated on them.
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I will give regular updates on how the system goes and if I make any of the trades..



Friday Trade Review 11/23/2007

No trades. I ate too much steak on Turkey Day.

Wednesday, November 21, 2007

Wednesday Trade Review 11/21/2007


Not feeling well, I just should have left things alone but I figured we could have either I fast run higher or lower seeing we were going into a holiday weekend.
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I thought the trade had really good promise. The purge from the highs was on high volume. The recovery was on much weaker volume. I assume if the low was taken out, the market would go to the morning lows with no problem.
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I put the order in to go short at 12880 because I did not want to get my order hit by a new low being only a tick or two. I got filled on a low tick anyway. I had a 20 tick stop and was taken out 4 minutes. I was going to scale out at +5, +10 (move stop to BE) and let the last part run.
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After I was taken out, the low taken out again where my first two pieces would have been filled before I got stopped on the 3rd. Right after that, the market did fall to the morning low and a lot more.
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Damn. Right trade - wrong excution.
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The numbers:
Stocks: none
Stock Futures: gross -300 net -315 contract 6
Other Futures: none
Forex: none

What happens in Vegas...... 11/21/2007

I wish what happens in Vegas would stay in Vegas. I guess I proved that one wrong. By the end of my Vegas stay, I started coming down with a good cold. I am back now and I am shot. I wish I left my cold in Vegas. The convention was good over all. I do not know if I have become a more informed trader but the show seemed to have more sale presentations instead of learning sessions. Also the Expo is turning more and more to the currencies. Don't get me wrong. I like the currencies but there is already a Forex Expo.
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All is all; my annual trip was worth it. I feel I picked up a couple of new ideas to try to use to solve my trading demons.
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I do not know if I will be doing much posting until Monday. I feel like crap.

Wednesday, November 14, 2007

Vegas Baby Vegas 11/14/2007

I am not going to post charts on my trades. I need to pack. Plane leaves early tomorrow.
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I bet a lot of Bulls are not happy with this day. Nasdaq took it hard. Another last minute sell off and I was able to take the first leg down . I got stopped then just missed the reload at 13320 again. I was fumbling around to increase my size and missed by seconds on a fill. It would have been one great day if I did.
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I finished my swing trade in the XHB. All in all I should have taken a lot more out of it but did make a couple of hundred out of it. I was in and out a couple of times and just could not get the size on at the right times. If my size was correct, I should have taken $1000 out of it.
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The numbers:
Stocks: gross +88 net +59 shares 1200
Stock Futures: gross +110 net +105 contracts 2
Other Futures: none
Forex: none

Wednesday Morning Thoughts 11/14/2007

I just hate listening to all the idiots on the TV and the Net. On Monday, the world was falling apart. Yesterday, the world is saved. So many were really concerned, buying defensive stocks and cutting loses. Then on Tuesday, buy, buy, buy and I told you so.
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Tomorrow, I will be going to the Traders Expo in Las Vegas. Hopefully, I will meet a couple of the Bloggers out there. I do not know if I will post much until next Wednesday.

Tuesday, November 13, 2007

Tuesday Trade Review 11/13/2007

I have so much to learn - period. I can't type orders today. I sent buys when I wanted sells. I sent sells when I wanted buys. My shares levels I screwed up too. I have Internet problems for 2 hours. I lost my cool and I tried revenge trading. I had people make fun of my dumbness and I just totally went mental. I just thank god I did not loss a ton of money today. I was on the edge of trashing my office. That is no way to trade.
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The numbers:
Stocks: gross -46 net -62 shares 3000
Stock Futures: none
Other Futures: none
Forex: none

Same Miss Different Day 11/13/2007


Another day, another Big Mouth Stock, another miss. I am going to learn how to game these trades if it kills me.

Monday, November 12, 2007

Monday Trade Review 11/12/2007



The charts above are the Big Mouth Stocks. I got in on MCD but not enough shares and I missed FWLT which would have been a great trade. I really need to work on the entry on these. I caught part of the XLF inter day breakout and I sold my XHB swing. I did not like the way the market was moving and how the money stocks started falling again. A no big deal day all around.
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The numbers:
Stocks: gross +78 net +60 shares traded 3200
Stock Futures: none
Other Futures: none
Forex: none

October Monthly Review 11/12/2007

My monthly numbers:
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Wins: 43 Losses: 27
Avg Win: 52.83 Avg Loss: -127.42
Gross Trading: -1,168.44
Commissions: -424.81
Net Trading: -1593.25
Biggest Win: 263.50
Biggest Loss: -1509.00
Data Fees: -73.31
Interest: 265.78
Account Net: -1400.78
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This month was about one trade. I took a large short in a stock that when against me a little more than I expected. It hit where I was going to place my stop even before I could place my stop. The stupid thing is I panicked. I just blew the position out when I should have taken one step back and calmly looked at it.
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It stopped going against me less than a minute after I covered and quickly went below that point. I then should have placed my stop above that peak and let the trade play out. The stock went down to my break even point and bounce in a range of being between my BE point and my original stop point for about 30 minutes before breaking sharply. If I would have stayed in the trade, it would have been my best in over a year.
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I know this is a lot of would of, should of, could of talk but my main trading problem is not having the guts to enter a trade I see or if I do, not having the guts to stay in the trade until it is done.

Saturday, November 10, 2007

Big Mouth Trade Review 11/10/2007












The Big Mouth recommended 5 stocks Thursday night. Base on how the futures were trading, I think I need to rethink how I try to play them. Once we got into October, shorting these stocks, done correctly, could make a good deal of money.
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I have been burned once in a while on doing this so I have become overly cautious selling. As a result, I make no money from them. With all of them on Friday morning being big cap stocks and the futures being down so badly, I should have just hit them with market orders on the open to go short. Even if I put on short positions, like 200 shares, a decent amount could have been made.
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I have been questioned by other bloggers that I seem to try to do too many things and I am not being successful at any of them. I am thinking to stick with only shorting Big Mouth stocks and day trading the YM futures until I start making money. The idea of shorting Big Mouth stocks was what brought me to day trading in the first place.

Friday, November 9, 2007

Friday Trade Review 11/09/2007

Not much. I should have shorted the Big Mouth Stocks. They had a great day down but only one popped on the open and I missed. I played around with the steels and just could not get filled on adding to my XHB swing. I am finally working on my October numbers which I will post this weekend. They are not looking good.
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The numbers:
Stocks: gross -42 net -53 shares traded 1200
Stock Futures: none
Other Futures: none
Forex: none

Thursday, November 8, 2007

Thursday Trade Review 11/08/2007

I spent way too much time fighting with my PCs today. Once I got everything up and running again, I felt very lost looking at the market falling off a cliff. I tried bottom fishing some of the steels and the XHB but got stopped out quickly because everything was going crazy.
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The numbers:
Stocks: gross +38 net +27 shares traded 2200
Stock Futures: none
Other Futures: none
Forex: none
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All I could think of is what did Dino's pizza taste like.

Frustrating Day 11/08/2007

I lost power for a few moments yesterday and I guess it screwed up my computers. I have spent the last 3 hours rebuilding and reloading things. I think I am back up again. I have not trading today.

Thursday Morning Thoughts 11/08/2007

A real pisser. I was hoping that the negative futures numbers would continue this morning but no. We have had huge rallies from the low levels last night. The solars, steels and a few Chinese stocks are going crazy.
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The first hour is the amateur hour and the big boys own the last. I am concerned if we open up and then trade down - we could have another very messy market. The Dow and S&P Yin/Yang trade projects to another 150 Dow points down. If we rally from here, it will be painful, because I have been stopped out of most of my stocks. I am about 90% in cash not include my long term mutual funds.
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We shall see.

Wednesday, November 7, 2007

Wednesday Trade Review 11/07/2007





The first two charts are Big Mouth stocks. I did not have the guts to short WFR and I did not follow WFC after there was no pop in the stock on the open. Crack32 (a very good trader and my favorite wise-ass in the Dehtrader chat room) asked me if I was going to trade them. I knew as soon as he did, I would live to regret it. I did.
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I made one good trade in MOS and just missed another. Never got in sync with the market but made a little money.
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The numbers:
Stocks: gross +134 net +130 shares traded 800
Stock Futures: none
Other Futures: none
Forex: none

Tuesday, November 6, 2007

Tuesday Trade Review 11/06/2007


A better day for me. After getting the morning present, I made a little here and there on a couple of steel trades and caught a good piece of the XHB move. I debated about making it a swing but I did not get a chance to build the position like I wanted too. Again, my biggest problem today was I just could not sit on my hands during the heat of some of the trades. I left a lot of money on the table again. If I could just capture 1/3 of that, I would be a very happy man.
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My goal is just to average gaining $200 a day. I should be having some plus 1 0r 2k days mixed with a couple of losing days but I will take this day.
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The numbers:
Stocks: gross +356 net + 336 shares traded 3800
Stock Futures: none
Other Futures: none
Forex: none

Tuesday Mid Day Thought 11/06/2007



The Big Mouth stocks today- I should have made a lot more. If I was showing my full size and I did not freak when I got a gift from the Trading Gods, I should have been up over $1000 instead of only $250. Add to that, I should have been just a little more aggressive with EK to add to the total. I also had a trade in YGE were I should have made $150 to $200 and walk away with only $13. I should just be happy to be up today.

VOTE 11/06/2007

If you have the chance today, VOTE - PERIOD.

In the wonderful state of New Jersey, question number 4 is to replace the words "idiots and insane people can not vote" with "people who do not understand (by court order) what it means to vote can not vote". No wonder so few people in New Jersey vote. Changing the wording is not going to help.

Monday, November 5, 2007

RACK 11/05/2007


Rack is also setting up for a possible trade.

Monday Trade Review 11/05/2007

If I get a chance, I will do a post about the Big Mouth Stocks later. This was not an easy day for me to game. I did only a couple of trades, missing the YM a few times and the Big Mouth Stocks yielded nothing. Frustrating because I was all pumped up to tackle the markets, but I have learned better than to try to force trades.
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The numbers:
Stocks: gross -15 net -29 shares traded 1800
Stock Futures: none
Other Futures: none
Forex: none

HomeBuilders - XHB 11/05/2007


XHB is setting up for a trade again. I should have started a position today but will wait until tomorrow.

Monday Mid Day Thoughts 11/05/2007

The market is moving up slowly but I can not find anything to trade - no follow through at all. The Big Mouth Stocks were a dud and I feel if I keep trading I will just grind myself up.
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After my little mental melt down on Friday, I spent the weekend catching up on missed sleep, eating good food, working out a lot and having plenty of ... while never mind.
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I was all fired up this morning and just have not seen much to speak of. The few things that could have made money - I was just not watching them.
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I need to figure out how to declare myself tax-wise for next year and got a book on the subject to start getting some knowledge on the subject.

Friday, November 2, 2007

I do not know what to do 11/02/2007








Above are 4 trades, I should have made today. All four are big winners. My net for the day so far is $95. The trades in the EURO - I should be up $500. The trade in BRCD should have net me about $1000. The Trade is the APA should have net me about $1000. And last the trade in the YM should have net me at least $800 and if I would have held threw the first bounce, it would have net me $1400. So let's be conservative and $2500 base on the size I would normally trade which is a lot less than I could.
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Instead - I made a little fucking $95. How stupid can I keep? How much of a big ass chicken am I? This is so frustrating to the point it brings tears to me eyes.
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And yesterday, the trades there should have net me about $8,000. If I went crazy, I could have made 3 times that amount easily.
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What is my problem? I pick out to follow very good trades but seldom can I act. I would feel a lot better if I was picking out really stupid trades, and then I could say I am a complete loser. If I made the trades, I picked out and sat on my hands until the market told me to get out, I would have made enough money this week to stop trading for 4 months.
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Maybe I just should fucking give up on this dream. And if one more person tells me maybe you should reduce your size, I have. Last year I many times traded 500 to 2000 positions. Now I trade 50 to 500 shares.
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I just wish I could get myself so pissed off, I would just make the trades.

Gold and Oil




Thursday, November 1, 2007

Thursday Trade Review 11/01/2007


The above chart was nearly a good trade. I also tried the INTC break out at 27 which did not work. And I spent a lot of the day playing with RIO breakouts. None of the trades really became anything. If I bought the pullbacks, it would have worked a lot better.
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I feel stupid that I did not try to trade stock futures today. We had a lot of good signals there.
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The numbers:
Stocks: gross +93 net +65 shares traded 5600
Stock Futures: none
Other Futures: none
Forex: none

Thursday Morning Thoughts 11/01/2007


The comments on the chart say it all. What a way to start a month!