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BuzzOnDaBeach

02/20/07 10:20 PM

#535385 RE: madrose1 #535381

I mostly daytrade the ER2's, and have never seen a whipsaw like today. almost 20 pts. from the bottom with no real pullbacks from the low as the shorts that jumped on the early move down just got hammered, as well as everyone that tried to short each pullback. I tried to short at one point, didn't like the action and closed for 4 ticks. About 2 minutes after I closed the short it jumped up 5 pts. Unreal how they are just handing the shorts their asses on a sterling silver platter on a daily basis. IWN and IWM new all time high I believe today along with the RUT.

Buzz