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

"Sell down to your sleeping point"

Friday, October 19, 2007

Morning debate

Weak Dollar.

damn. that is a skanky open... and BTW this is a new leg down, unless we reverse by the afternoon.... I'm thinking this is nerves like I had this morning.... My holdings are hanging on.

IWM has found support

spy is back above the 30 day MA and found support

but these are new lows in the near term.

dow stil no higher high.

qqqq still no low

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