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Tuesday, March 16, 2004

Volatility was the tone for today as the market rocketed up on the open, fell all the way back during the day and then popped up again in the last hour. Fed announcement was a repeat of the previous, market zigzagged after that news. Most recent options purchased had little change by the end of the day. Although they moved from a profit to a loss and back to unchanged. It is a crazy game. You have to be crazy to do it and even more insane to keep at it. I'm going to look for more upside follow-through tomorrow, bail out of these things and then take it easy. The volume to the upside today was not that great. Technicals are still oversold. We'll see what tomorrow brings...

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