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"

Thursday, November 8, 2007

My magic 8 ball says.

March-Today Fib.
13050 dow near term downside target.... within 3 days.(wow that chart sucks) we are oversold.

13320-13550 intraday. support resistance 13350.... I expect we close below the open.. but today is the only chance we have for a close above the open.. unless we see 13050, then expect a 2 day dead cat rally
The retard Hedgies who step in and try and own this market are going bankrupt..... I expect an intra day crush... We open up...
Listen CSCO is hardware network build, msft was soft to the business client. it means no Cap-Ex in tech..... So don't look to a tech Bull run for the next year... if it does run, get out before earnings... Unless it's a mobile device.
I'm tired, going to catch a nap before the open.... With enough of a rally 150pts I'll throw more money against the weak part of the market.
Honestly I expect a peak of Plus 75 today...
But hey what can you expect from my magic 8 ball...
if your dumb enough to trade off of what I say... you deserve to lose money... if you don't believe it, don't trade it.
I do this for myself.. and it's defiantly speculation... and better played like a QB on the field.

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