Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Thursday, February 21, 2008

no guarantee


as the clock hit 3 eastern....

the UNS tick value... pictured a moment later hit 1108.... which isn't good for a bull market.

3 comments:

Tony said...

I plead ignorance. What is USN or UNS?

Eric said...

:) it's the ratio of bids to the Asks

a negative number means more stocks are hitting the Ask price..

Which means panic selling.

Positive means panic Buying.

but just for that minute..

we have been solidly negative since 3 eastern... But we are trying to get some buying. right now....

Eric said...

if you get a chance

Brian Shannon...

http://www.alphatrends.blogspot.com/

has a good explanation of the triangles...

I have some issues with how he reads them... but he is more of a "Pro" than I am.

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