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 2, 2008

short money

Putting some short money to work for the next half hour.... We may get a small sell off I can count on this morning.
And I covered that bet.... Take my money where it comes from.... I even forgot about the ISM numbers....... I need to do better about realizing the coming news... I have my long term bets still holding in.

This is what I See. The red might indicate a completed Elliot wave.... Except it's not a valid wave.... Does that mean we are neutral.... Or does it mean that the Blue represents the Third wave? Well now that we have yet another lower low, we see the wave completing itself.....

Now Monday afternoon breaks the trend, and can bee seen as wave 2 of say a 7-10 day move.

Or after this current sell off, Then we get a correction....

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