Monday, November 12, 2007

Last Hour Breakdown...

Second day in a row and indicative of very negative market sentiment with traders not willing to risk the overnight, which typically pays a premium. VWAP did go negative around noon. That's what I get for "The Warriors" taunt link -- Respect-Price-Action!

Speaking of pain, take a look at E*Trade Financial Corp. (ETFC), minus 58% today on downgrade/ writedown news -- Ouch!

P.S. No, I'm not long ETFC!

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