Fuck Joe The Plumber

It's refreshing these days to see some of the technicals hold again, in such a news driven market. For example (QQQQ), notice the perfect gap fill on Tuesday before heading lower - happened a little quicker than expected. I was actually expecting the underside of the lower trendline to be touched before heading lower...and for the whole process to take longer than 48 hours.

There's really not much to talk about as long as 700 point trading range days are the norm, as far as my trading style is concerned.



513 stocks made new lows today.

8th worst decline since 1927.

If I hear 'Joe the Plumber' (mentioned 13 times) one more time.....

And finally, it will be a miracle if John McCain wins after that debacle. Accordingly, I think you're supposed to sell defense stocks, or invest in dubs, or something.