After a major move the market usually settles down or "consolidates" before making its next move. As such, today was a very weak, hard to trade market. There was lots of chop as could be expected with very few strong trending windows.
If anything, you could have bought QLD at 9:31am and held until the opening gap down was closed and caught a small move ($632 on 400 shares).
Thursday, November 29, 2007
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