lol i duno if venom realizes this but... every stock at some point hits xx.00
Stock Market Today : May 14th - 18th - Page 19
Gold, silver, oil all getting the smack there, but recovering.
EURUSD took a dive but is bouncing.. hmm, tough market today.
Shake and bake!
Stop talking SENSE ! You are quite right of course, I was expecting a little red today and was suprised. My rationale was the 600 billion euros taken from Greek banks recently would cause unease.
As for gas... well i'm kicking myself for not shorting coal stocks ! Gas getting cheaper and cheaper (Overall trend not monthly/daily blips) more pressure to produce energy from waste... quite obvious Coal stocks would react and go lower.
Nice bounce so far but if you put in shorts from some of the highs today I think you will be ok lot of resistance now at those levels. Add in general fear from that headline I think the bulls have their work cut out I regain those levels today.
I don't trust any of today's action so far... gold bounces 27 bucks, then sheds 18, now has bounce 9?? This is ridic. THought the 1333.50 pivot would be useful but it's more like a rag doll right now.
It may be helpful sometimes, but not a sound trading strategy.
But anything that makes you money over the long run, use it.