These are strange days with volume low and the fear of the Fall Fall residing in most traders' craniums, but if you've been at this for awhile, you realize that's August just being......August.
I'm going to have a Mind-Meld with Anthony From Brooklyn after the close tonight, and I look forward to that since he's back to the city, although out of the market until he readjusts from the more laid-back environment of Tuscany, Palermo, Naples and Milano.
Speaking of looking forward to things, there are some big additions/changes/improvements coming to this Alchemy site soon, and I can hardly wait to tell you about them, so stay tuned.
Ok, back at the ranch, the Semiconductors just went negative, Oct Crude is a good bit higher on the day, the Dow Industrials have given almost everything back, and....
.......Joe "The Incinerator" Battapaglia is still Bullish.
I'm also watching the action in Apple Computer with blatant self-interest, and note that it is in the process of putting in an Inside Day within what looks like a normal Bull Flag.
Inside Days within Flags often lead to explosive moves, although there is no guarantee of anything "Bullish", especially if the market decides to begin the Fall Fall in earnest next week.
So, I'll wish you all the luck possible in the final hour, and see you back here Sunday with a more abbreviated version of "Notes From The Trading Turret."
I'll be away until Sunday afternoon this weekend, and plan on getting some R & R until then.
Stephen
Apple Computer...click to enlarge
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