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"

Tuesday, January 8, 2008

End of day

So, my process is to read some "final Calls" around the market then I give up on my day and take a nap. Realize I'm west coast, so I get up at 2am-4am. Market closes after lunch and about 4 hours later I have dinner. So a nap can fit right in. I also look at the trading, and try and process what is going on, and what happened.

When I get up in the morning, I then draw up some charts and try and post what I'm looking at. Try and express some possibilities.

and hopefully I post it to the correct blog.

If you want a quick summary, We are in a wave 5. The morning move completed a wave 4 ....

The Question is where will wave 5 end?

Further more, When we have a correction how deep a correction will that correction of the downtrend be?

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