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The Whirling Dervish


I love 'em, I hate 'em, I love 'em, I hate 'em...jeez! We took a wild ride around Minyanville today but when all was said and done, the final outcome was much ado about nuttin'. If you're timing was superb, today's action offered some tremendous opportunities to day trade. If you were a half a step slow, however, the whippy tape was likely a recipe for pain.

The action didn't really do much to help our great debate as the tape continues to trade right around support. As I was writing this, however, my eyes wandered over to a chart of the S&P and I saw some dandruff falling from my screen! Upon closer inspection, I noticed a potential "head and shoulders" forming much like it did August/September. It's not "there" yet but if we continue to grind sideways, it's surely not a good sign for the tape. From a timeline perspective, it actually lines up with the potential preannouncement period in early December. Gulp!

On the UMV mascot hunt front, I liked Jerry, Martin and Minks (get it?)-but I didn't think Toad-O was very funny! Even so, the communication with the readers has been a big perk for both Casey and I. We've been putting a lot of elbow grease into this project and the interaction helps us remember why we're doing what we're doing. I believe in my heart that Minyanville will make a difference in people's lives by furthering the educational aspect of finance. The compensation derived from that knowledge can't be measured by dollars and cents.

I've gotta hop to listen to the rest of these calls (not good so far) but before I go, I wanted to mention the alternative commandment that I left out this morning. Simply stated, it's always a good idea to take time away from the tape and clear your head. Micro-focusing tends to cloud the judgment and clearing the mechanism is not only a good idea-it's a necessary element of successful trading. With the holiday season approaching, take the time to be good to yourself. In 10 years, you won't miss that extra week away from work-but you'll surely enjoy the memories of your time with loved ones.

Have a peaceful night.

Todd Harrison is the founder and Chief Executive Officer of Minyanville. Prior to his current role, Mr. Harrison was President and head trader at a $400 million dollar New York-based hedge fund. Todd welcomes your comments and/or feedback at

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

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