Oct 18, 2004

Is this tape is wishy or washy?

Lets see...
-early weaknes in semi's got bought
-early strength in metals got sold
-weakness in bonds got taken up by Olson's negative comments
-LXK mentioned earlier is digging out of this morning's hole

On the whole the action could have gotten much worse considering how the day started so I would call today a minor victory (so far) for the bulls. Mostly we appear to be waiting on tonight's earnings which makes initiating positions seem a bit pointless.

no positions in any security mentioned


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