I love a good blog.... and this probably won't be one.
I'm the king of buying the top of a stock.... I've realized it's that charming desire to Chase what just worked...... So, I fight that impulse.
Stocks I want to chase.
RIO I've wanted to chase this since 40
GSS. I chased this from $4.20 down to 3.50... it's sort of bottomed... I've accepted that I have no idea what is going on with gold........
grmn I actullay am going to switch to riding this in the Bull Cycles.
I need a good BioTech..... it's time for that Shit to run.
Technicals:
Spy: our 5 day low was:
143.63-
144.74(+1.11)
-144.06(-.58)
-145.28(+1.22)
-144.63(-.65)
-146.5(+1.87)
-145.58(-.92)
-147.03(+1.50)
-145.68(-1.35)
-147.81(+2.31)
-147.04(-.77)
-148.34(+1.20)
-147.59(-.73)
-148.82(+1.23)
-146.59(-.23)
-149.90(+2.31)
As I go to bed here..... the dJIA future down 50.... I'm looking to the down side for a couple days..... Actually I'm hopingfor a rally with a failure of the 150 level. Just enough for me to get short....
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Tuesday, September 4, 2007
First post.......
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