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, February 14, 2008

for those of you keeping track at home

Overall... it's always best to wait for a trend to be confirmend.

You get a low,
then a high.

then a lower High.

As this move moves tward making a higher high.... that is your good entry point.... it's also a good exit point for a short.

This is a Disiplined stratagy ... and if you get burned take your pain as early as possible.

As I was coping with my investment depression yesterday. Reading.... this credit crunch is huge. you just can't borrow big money. especialy from the money center banks... what loans the are making "Statisticly" seem to be loans they already made coming back to roost. As it's talked about that "money is flowing" It's not. the Shaddow bank system is done.... The fed may not realize it, but that credit crunch will have segnificant effect on our economy.... our global economy.

Always funny... I can't figure it out... is there a credit crisis or not..... recession or not..... (I'm kidding here)..... are we having problems in the economy or not....

So.... early cycle recovery stocks for a trade

this is being a nightmare.

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