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, February 20, 2008

fade the gap


The down 90 open is a small violation of the triangle.... but not too much to get excited about...
as one can expect in this environment we get some fade the gap action... Hard to guess... Maybe this is wave A of an ABC correction in a downtrend... fade most this gap then continue the downtrend.... .... That will be my guess... I'm doubting we get a reversal to an up 70... Like I was talking about... but it would be funny if it happened.....

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