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"

Monday, November 12, 2007

Chart-astology

March -october Fib.


13060 is 50%
13350 is 38.2%

Aug-October Fib

13550 is 50%
13150 is 61.8%
12900 is 76.4%

200SMA 13250.

Then maybe we look at 12800


I'll cover my shorts on weakness, and I'll day trade; 13250, maybe 13150. At 13350 I'll throw new cash against the market.

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