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, January 11, 2008

Day trade

Let me just be clear, I'm going to day trade this market primarily till I can see direction and conviction again.

Massive Denial, this wouldn't be the first time this was the trade.

other note..... all the emotions in this market excite the hell out of me..... It's amazing.

4 comments:

new comer said...

Miracle - Dow down 100 points within 1 MINUTES after market open.

Eric said...

A complete reversal won't surprise me. New highs above 1428 new lows below 1402.

above 1429 confirms the trend...

This smells neutral to me.... which means choppy which means high probability reversal.

looks like we will try and retrace and test the highs.....

new comer said...

oh.. the massive sell off continue

Eric said...

Yep... lets see what happens when we retest 1400

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