Friday, June 4, 2010

Just in from the bleachers

Right now, in midafternoon, the DOW is down a bracing 311 points. Another couple of days like this and we'll be looking at Cramer's (projected) bottom, from below, looking up.

And, as the DOW is drum major to the band, everything is looking puny today. XOM and COP are both down big, mainly because I bought more of them yesterday, two points higher. However, GOOG and ATPG, of late descending faster than the speed of falling, have apparently cast off ballast and are resisting the trend. They're still down, but inveterate watchers of these stocks will testify that they are giving up ground grudgingly.

That's the way it looks to the Undisciplined Trader, me.

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