10.29.2008

THE FRANTIC


So what is a 375 point drop between traders? Not much but that is what happened in the final 10 minutes of the trading this afternoon. And anyone who bought or shorted had an opportunity to make some money.


Strong sectors included gaming, metals, oils, homies and shipping while financials, semis and utils lagged.


NYSE- 800 net winners;

NAZ- 520 net winners;

NDX- 60 GREEN;

OEX- 30 GREEN;


VIX- up 5% at/near 70;


Up volume slightly ahead of down;


Can't explain that action and I doubt anyone else can either but it was interesting - tomorrow - no clue - so will watch and wait and decide then.

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