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Wednesday, August 17, 2005

My correction target on the XOI was hit this afternoon around 947-950...low was 948.41. Now we need to see these stocks stablize and a trading rally should commence.

Lots of losses though. Some of the stocks that have not been hit got nailed at some point today. XTEX was down nearly 2 before the close...and a plethora of either 1 point minuses or strong fractional losses. Hiland Partners in appointment only trading was the only winner of note at 39.60 + 1.35

ETP had an insider aquire shares at 35 and change but i'm not sure if this was a market purchase.

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