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, January 10, 2008

It's hard to argue against a reversal.

When the market has run back to 13000 and is threatening 1450, it's hard to argue against a reversal.

I'm toying with a new Tactic of waiting and selling anything close to the down trend line. Then selling when we make a new low. Then try and catch the reversals in between.

a 2 day 400 point run, is just crazy.

This market is more likly to pummle most of us to death.. but that is just plain bearish....

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