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

Here is a broad look at the whole move.... I like the look of this. Today(MONDAY) being the 4th wave and now we are working on the 5th. This is consistent with this being the start of a 5th wave. Nasdaq

Same thing. S&P



Here is our leadership, the R2k..... Showing Bullish....Nearterm. Another Bullish indicator would be the Regional Banks after selling off hard this morning, Caught a significant bid after that.

I'd say this is neutral to bullish, maybe a short covering rally tomorrow....

Of course this is what I expected today, and the instinct that I didn't listen to.

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