Well, that sure is not how you like to close them. Especially with volume picking up there while we sold off right after hitting the 200 day moving average on the Nasdaq. The good news is that the market still gapped high enough in the morning that all major market indexes were able to close with gains. But there was a negative blip in regards to leading stocks as the IBD 100 fell 1.2%.

Just a public shoutout and congratulations to everyone that recognized DGLY was a near-perfect/perfect chart setup that along with the very strong fundamentals made it a clear MONSTER STOCK. Now while we have two stocks that we have bought that were perfect when they started out, only one has remained perfect.

I am not sure how strong and long this commentary is going to be as I have been surfing some giant waves and have been spending the past two days at the beach most of the day watching the surfing contest at Ho’okipa amongst the HS ripping groms. These kids paddle out into 10 foot face POWERFUL HEAVY waves and charge like it is nobody’s business.

It was another typical day that we have seen recently where not a lot gets accomplished and we pretty much just give back whatever happened the day before in the opposite direction. Still, I do believe, that today’s gains coming with higher volume is a positive overall.

It was another great day overall for those that are long the stocks we are long (well at least until AH when one got a gnarly ride) as the market took its time drifting around today before a strong close that saw the market basically end where it started.

It was another wild day on Maui as more drama occurred in my personal life today. However, it is minor and it has been taken care of so hopefully I can get back to doing what I am supposed to be doing instead of wasting my time on other things.

Well, in all honesty trying to draw conclusions from a day like today is quite useless. In fact, anyone that spent any amount of time today trying to delve into the data to find something useful just spent a whole day wasting time. Today was simply a low volume pullback and nothing-more and nothing-less. I believe, without even looking, that this was the dullest day of trading for 2008.