The Soothing Balm of 343+
March 14, 2006
The market started off shaky and went to 80 + . Then it tore through 10K and went down to about 170- to about 9920 where I’m sure another tablespoonfull of Vaseline was applied generously by most of the punters. Thats where I had my hand on the lid of my jar! Then a reversal by about 11 a.m. to plus 40 ish. a slow and steady rise to 150+ by 12.45 , 182 by 12.57 , then a swallow dive down to 76+ where Mr.Long shouts "ridiculous " ! Then back to 177 by 13.17, 208 at 13.22 , down to 156 at 13.30 , POL caps , 13.43 up by 254 , PPL caps , 13.55 = 283 + and finally the market closes at 343.29 plus at 10,436.53
CAPS: ORGYDC / NML / POL /PPL / LUCKY / SNGP & CTTL (I’m sure there might have been others but only have 38 stocks that I monitor on my screen)
CTTL hits its 3rd upper cap at 78.05 after a severe bashing down from 128 high to about 63 low in less than a month.
While the upside was strong today, I’m not fully convinced that the worst is over. Will we see NBP at 247.8 soon, it remains to be seen. Mr. Long was right about buying below 10K today, those who had the stones to do so and held will be smiling. A long overdue spike in the serotonin levels, but the jar still stays on the desk for 2moro !
Market Open : 10,093.24 RSI(14) 34.93
P.S. Don’t expect Sutta Bhai to provide a daily fucking racing commentary of the market.
