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.
Thursday, February 28, 2008
danger
Dennis Kneal just said the market was going down today......
Good morning Eric, yeah, i think so, market will go down today. i hate folks taking excuse on hope on further rate cut to send the market up, Dow up to 12700 from 12200 three days before - it is ridiculous. Everything is bad - durable goods order, housing price continue to plunge, a high PPI which indicates higher inflation. Jim Rogers and Alan Greenspan warnings....
morning Melissa. I'm going to post some downside target charts soon.
umn.... with the claims.. I don't think we will fade the gap... it's hard to say....
the Fade the gap trade has worked for 2 weeks... but it could be smart to just go short at the open...The big brokers could just crush the open. I'm still debating it... and tempted to jump in pre-market.
Good morning Eric,
ReplyDeleteyeah, i think so, market will go down today.
i hate folks taking excuse on hope on further rate cut to send the market up, Dow up to 12700 from 12200 three days before - it is ridiculous. Everything is bad - durable goods order, housing price continue to plunge, a high PPI which indicates higher inflation. Jim Rogers and Alan Greenspan warnings....
morning Melissa. I'm going to post some downside target charts soon.
ReplyDeleteumn.... with the claims.. I don't think we will fade the gap... it's hard to say....
the Fade the gap trade has worked for 2 weeks... but it could be smart to just go short at the open...The big brokers could just crush the open. I'm still debating it... and tempted to jump in pre-market.