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"

Wednesday, January 9, 2008

the S&P 500

So I mentiond the low to high rate of change...

We had a 15 point sell off this morning from high to low,

and a 3 point decline low to low(rate of change)
8point high to lower high.....(still developing)
12 point low to high...

but I'm still not convinced.

How about a classic sell off into the close.???!!

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