Friday, March 17, 2006
The vicious sell off we just saw strengthens the need for tight stops on a run up like this morning's first hour. The 10:30 bar in the Dow Jones reached a quick high of 11356 and sold off like a falling stone for a low of 11336 and it's close of 11339. It was wicked. I'd been looking at a topping formation but decided not to be short. Missed that baby!