- Uh oh. Reversal to the downside. Bleh. Hate to see a market moving up and the whooosh down on heavy volume. It's not uncommon to get one-day wonders to the downside in a bull run. But we'll have to keep an eye on things to see if we get some confirmation that the party is over. I'm remaining 100% long for now.
- From Yahoo Finance: After all, the indices have made a remarkable, and unsustainable, run off their lows since August 16. To this point, at their highs today, the Nasdaq, Russell 2000, S&P 500 and Dow, were up 17%, 16%, 15% and 13% from their August 16 lows. That's quite a run since the lows.
- Of course, many have been hoping for a bit of a pullback to get a decent entry point instead of chasing things at new highs. The seasonal investors would probably like to see that, too. We're closing in on November, so a MACD crossover to the darkside followed by a crossover back up would trigger a buy for some of those folks at this time of year.
- Speaking of downside reversals... In Drunken Girls Gone Wild news, former Lost actress Michelle Rodriguez (Ana Lucia) gets sentenced to 180 days in jail. Even with an alcohol monitoring ankle bracelet on, Michelle couldn't stay away from the fire water.
- From Star Gossips.... Michelle Rodriguez is a drinking machine. When it comes to alcohol, she makes Lindsay Lohan look like a nun. I guarantee Michelle will snap at least three guards’ necks, jump out a third story window and crash the prison laundry truck into a bar. Then she’ll guzzle her own weight in whiskey. .... So I met Michelle at a bar and when I failed to chug a bottle of rum in 30 seconds she threw a barstool at my nuts and questioned my sexuality. Is it wrong to be turned on by that?
- I don't like to commit time to new TV shows that I suspect will be cancelled. The Bionic Woman, Journeyman, Cane, Chuck, and Life have all been asked for additional scripts. I've DVRed a few of those, but haven't watched any yet!
- Vinny Testeverde signed yesterday, and may start this weekend for the Carolina Panthers as David Carr "throws gingerly" in practice. I wouldn't be bidding on the Vin-man this weekend for your fantasy football team. Unders look good. Panthers probably won't score. Poor WR Steve Smith. Running all those routes for nuthin'...
