This is the hammer reversal in CECO... fading extreme movement is something you can do if you're inclined... playing the countertrend well requires skill and great discipline... lots of folks feel the need to "pick a bottom," but few do it unemotionally.

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Wow, CECO did nearly 125,000 trades today, and it's still very active after-hours... that's an unusual number. Looks like it put in a nice hammer on the 1:30 bar that you could've executed against with less than 4% risk... not my game but no doubt others played it successfully.

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This should be a Dummies lesson on how to watch your profits slide away, lol.

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.20 exit ... not exactly getting out near the top tick, but I'm not complaining (yes I am). ;-)

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I'm gonna exit here.

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Hmmm, again there was a ton of selling after lunch, and it has dragged my dog down bar for bar...

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Biggie Biggie Biggie can't you see
Sometimes your words just hypnotize me
And I just love your flashy ways
Guess that's why they broke, and you're so paid

OK, I'm going to stay at 5.80; I'll be back at the close. Have a good afternoon, guys.

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CECO gave an inside bar to execute against but that would've been a tough one to sell... it's just collapsing.

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NGEN putting in a shooting star here... we'll see how it acts as it comes in to the prev. high, assuming it does. Exercising patience here, ommm ommm.

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I see that the metal fliers like Bema Gold and Coeur D'Alene (I'll have a plate of the Coeur D'Alene, waiter) are retreating... man, what a run those dogs have had these many months.

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I've got a fair number of shares so this could turn out to be a very good day, assuming the dog doesn't take a dive.

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Woof! Woof!

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Folks who want to go to breakeven could do it... I'll stay at 5.80 for now.

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Broad market tone once again solidly poz this morning... we'll see if there's a blast of selling in the afternoon like the last two days.

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I'm going 5.80 stop since the initial risk is covered... less than $250 at risk.

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Be attentive to how it acts at .34 assuming it gets there...

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I'm watching these midpoints, believe me.

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P-stop 5.70 NGEN.

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Retailers like ANF and BBY getting smacked... but I rarely play NYSE stocks.

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Interesting first bar shaping up in SEBL as it wipes out the lows going back for six days, yow.

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Eyes on ALTH, CECO, NGEN, QCOM, among others.

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I want this Starck clock/weather station for Christmas. I'm very sensitive to changes in barometric pressure and would like to keep an eye on those trends.

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The latest installment in the Trading for Dummies series, only seven more to go before I quit writing them.

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Everybody and his grandma is looking at this test of top outside reversal in the stock indexes. The obvious play will be on the short side as it wiggles down to 1360ish to form a "neckline." But when everybody sees the same thing at the same time, it's rarely easy to play.

E-mini Nasdaq 100 Futures, Daily Chart

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An article in the NYTimes detailing the growing differences between Canadians and Americans on social and cultural values.

From 1994 to 1998, British Columbia had the highest top marginal personal income tax rate (Federal and Provincial taxes combined) in Canada at 54.2%. In 2002, the top marginal personal tax rate stood at 43.7% ... better, but still high.

In 2003, the top Federal personal income tax rate (29%) kicked in at CD$104,648 of taxable income; the top Provincial personal income tax rate (14.7%) kicked in at CD$88,260.

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